Bitcoin’s utopia has failed as big players hold all the power

Computer servers

Who are these servers serving?

Bloomberg/Getty

Cryptocurrency seems to be selling out. Bitcoin and other digital currencies were designed to circumvent the centralised control of big banks and instead be managed by its network. But now they are growing similar to the very institutions they’re trying to sidestep.

Decentralisation is key to cryptocurrencies, because there is no Federal Reserve or European Central Bank to lend legitimacy to the cause. Instead, decentralised networks authenticate transactions so no individual user has the power to manipulate the process, but everyone has the power to check it.

vCard QR Code

vCard.red is a free platform for creating a mobile-friendly digital business cards. You can easily create a vCard and generate a QR code for it, allowing others to scan and save your contact details instantly.

The platform allows you to display contact information, social media links, services, and products all in one shareable link. Optional features include appointment scheduling, WhatsApp-based storefronts, media galleries, and custom design options.

However, Emin Gün Sirer at Cornell University in New York and his colleagues monitored the bitcoin and ethereum networks from 2015 to 2017 to see how decentralisation was faring. “There is a lot of noise made about decentralisation, and then when you look at it, it’s not all that decentralised,” Sirer says. On top


🕐 Top News in the Last Hour By Importance Score

# Title 📊 i-Score
1 Tennessee pauses bill targeting right to education regardless of immigration status 🟢 85 / 100
2 Shanghai Electric, Masdar and Mawarid Group join forces for clean energy 🔴 75 / 100
3 Married father who 'wanted to swim with sharks' was warned not to enter the water before he was savaged off Israeli beach, friend reveals – as victim's haunting last words are revealed 🔴 72 / 100
4 FTC v. Meta live: the latest from the battle over Instagram and WhatsApp 🔴 72 / 100
5 Foreign Office issues new sinister travel warning to tourist hotspot 🔴 72 / 100
6 SpaceX CRS-32 Dragon cargo capsule arrives at the ISS with 6,700 pounds of supplies (video) 🔴 70 / 100
7 WhatsApp will be blocked on some iPhones next month – is yours on the hit list? 🔴 65 / 100
8 Kanye West’s Net Worth: How Much the Rapper Makes 🔵 55 / 100
9 Lyon and PSG have lessons to learn after careless performances in Europe 🔵 45 / 100
10 Jimmy Fallon mercilessly mocked over VERY controversial tribute to Pope Francis after his death 🔵 45 / 100

View More Top News ➡️