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Is #TBC# TBC Mining really decentralized?
TBC Mining mechanism = Bitcoin Mining mechanism
Bitcoin is recognized as the public chain with the highest degree of Decentralization, so TBC also inherits the Decentralization characteristics of Bitcoin.
What is Decentralization?
Decentralization does not depend on the number of participants, but on a fair mechanism.
Anyone can participate without permission. As long as fair competition exists, it is decentralized.
Comparison of PoW and PoS
The advantages of PoW( Work Proof)
Even if large miners temporarily have more hashing power, it does not guarantee a monopoly advantage; fair competition still exists.
All miners compete on an equal basis.
The disadvantages of PoS( Proof of Stake )
Early participants benefit from low-cost acquisition,
The entry of latercomers must pay a higher price.
This structure may undermine fairness.