🔥Bitcoin's second-largest mining pool, AntPool, mined seven blocks in a row on May 17, raising concerns in the cryptocurrency community about the security of the network. This confirmed 20,686 transactions and brought in over 23 BTC, valued at approximately $1.54 million.

📊Data obtained from mempool.space shows that AntPool earned 1.283 BTC in fees, plus 21.875 BTC from the block subsidy.

🔍What’s interesting about this development is the participation of Foundry USA, the largest Bitcoin mining pool, which mined the block before this sequence and the two following blocks.

📈Together both companies provide 56.6% dominance in mining. In October 2023, Antpool briefly challenged Foundry's leadership.

🚨This event highlights the inherent risks associated with centralized mining pools, particularly the vulnerability to attacks such as double spending and transaction censorship.

🗣️ “This concentration of power poses a significant threat to the decentralized nature of Bitcoin and its core principle of trustlessness,” trading company TOBTC wrote on social media.

👀What do you think about this? Leave your comments below!