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Podcast: The Peter McCormack Show
Episode: The Resiliency of the Bitcoin Network with Nick Hansen - WBD414
Description: Location: Los Angeles Date: Sunday 17th October Company: Luxor Technologies Role: CEO Proof-of-work mining is at the heart of the bitcoin network consensus, ordering transactions into blocks and providing security. Without a healthy mining ecosystem, the Bitcoin network is vulnerable. Earlier this year, China banned Bitcoin mining within the country. At that time, over 50% of the hashrate was said to be located in China. What followed was a huge drop in the hashrate as miners migrated out of the country. While, on the face of it, this could be seen a...