Mark Mason
Well-known member
Litecoin Whale Brings Decentralization Issue to Forefront
Litecoin has recently come under scrutiny for having 35.4 million Litecoins, or about 60% of the total coin supply, moved by one entity.
The move was initially pointed out by Weiss Ratings, which does not bode well for the cryptocurrency to stay decentralized when so much of the coin could potentially be owned by one individual or group. A blog post from Litecoin.com also highlights just how big of a move it was.
Read more - https://dashnews.org/litecoin-whale-brings-decentralization-issue-to-forefront/
Litecoin has recently come under scrutiny for having 35.4 million Litecoins, or about 60% of the total coin supply, moved by one entity.
The move was initially pointed out by Weiss Ratings, which does not bode well for the cryptocurrency to stay decentralized when so much of the coin could potentially be owned by one individual or group. A blog post from Litecoin.com also highlights just how big of a move it was.
Read more - https://dashnews.org/litecoin-whale-brings-decentralization-issue-to-forefront/