Head of crypto research company RIAT: Bitcoin mining is centralized, but Monero is not

Matthias Tarasiewicz, director of crypto research firm RIAT, said he was first introduced to bitcoin because of his interest in art when he was working on a mining project. Tarasiewicz quotes Satoshi Nakamoto's original white paper, stating that "the idea of ​​a single CPU, one-vote system" was compromised as Bitcoin grew, and "the availability of ASIC mining" brought centralization. He pointed out that therefore the mining pool has been established, and now the mining process of bitcoin mainly takes place in China. He believes that Monero is a cryptocurrency that dares to question the narrative shown by Bitcoin's biggest activists. In fact, Monero is striving to be an effective ASIC-resistant currency, which shows that the community and developers are willing to experiment to maintain decentralization and anonymity. It is reported that Monero plans to upgrade across the network soon. The upgrade will introduce RandomX PoW algorithm, which is planned to be completed by the end of November this year.