What Is the Concept of 'Miner Centralization' and Its Risk to PoW Security? ▴ Learn

What Is the Concept of ‘Miner Centralization’ and Its Risk to PoW Security?

Miner centralization refers to a situation where a small number of large mining pools or entities control a disproportionately large share of the network's total hash rate. This poses a risk because if a few entities collude, they could collectively achieve 51% control, making a 51% attack easier to coordinate.

Decentralized hash power is essential for PoW security.

What Are the Centralization Risks Associated with Staking Pools in PoS Systems?

Is It Easier to Perform a 51% Attack on a Proof of Stake or a Proof of Work Network?

What Is the Concept of “Mining Centralization” and How Does It Increase 51% Attack Risk?

What Is the Potential Impact of Validator Collusion on the Fairness of Transaction Ordering?