Is Bitcoin mining centralized? Here’s all aspects to consider before answering that question — Concerns about hashrate centralization have always been around within the Bitcoin community. However, after the meteoric rise of enterprise-level mining and consequent government regulations around it, the debate has heated up. Most importantly, with the evolution of the mining industry, the landscape has become more complex. As such, there are…

Blockchain scalability is a fundamental challenge for cryptocurrency networks — What are scalability and scalable blockchains? In the crypto ecosystem, we define scalability as the capacity of a blockchain network to adapt and perform well in response to increasing demand. We also refer to “scalable blockchains” as those blockchain networks that remain efficient even after significant growth in usage.

P2P cryptocurrency trading without intermediaries — The basics: What are decentralized exchanges? Decentralized exchanges — also referred to as DEX s— are decentralized applications — dApps — built on blockchain networks that enable cryptocurrency trading. In other words, they are online platforms that allow users to swap one cryptocurrency or token for another. Users can access DEXs directly from their crypto wallets…

We can decentralize proof-of-work networks through smart contracts and data stream routing — Is Bitcoin mining centralized? With the institutionalization of mining over the last years, concerns for centralization have risen. As enterprise-level mining entities expand their operation, hashrate becomes more geographically concentrated. These entities then “sell” that hashrate to the pool with the best deal. Here’s where it gets complicated.

In a Bitcoin-based financial system, hashrate is a critical part of the infrastructure — The basics: What is a commodity? A commodity is a basic economic good, usually a resource, that is fungible. That means that there’s no differentiation between different goods of the same type. Unlike products, which have brands and particular characteristics that make them distinct, commodities — like mineral ores or lumber — are interchangeable.

Positioning the Lumerin platform for long-term growth and sustainability — The Lumerin Vision Lumerin is building a decentralized data routing protocol that will enable new, innovative applications never seen before. One of those applications is decentralized hashpower trading through a Hashpower Marketplace — which is currently available in beta on Ropsten testnet. Web and general communications are dependent on centralized servers for routing…

Decentralizing hashpower creation from control — The need for hashpower commoditization Bitcoin adoption is accelerating. More and more people, institutions, and even countries are realizing the benefits of hard money and a decentralized, peer-to-peer, electronic cash system. In that scenario, Mining isn’t an exception. Everyone wants to run their own cryptocurrency miner. …

[UPDATE — April 1, 5 p.m. ET — The majority of token claim issues have been addressed. Thank you again for your patience as we continue to work through the remaining impacts.] Lumerin’s token claim website launched this week for users that participated in the platform’s Tokensoft Public Sale in…

Anyone can now buy and sell hashpower in a decentralized manner — Important: Please note that the site is on the Ropsten Testnet. This is only a demo to help us find possible bugs and make the necessary adjustments before launching Stage 2 of the site. About the Lumerin Hashpower Marketplace The Lumerin Hashpower Marketplace is a decentralized application that enables users to buy and sell crypto…