Is it possible to get rid of mining pools and therefore get a truly decentralized bitcoin?
Is it possible to get rid of mining pools and therefore get a truly decentralized bitcoin?
There are some criticism that PoW of bitcoin and ethereum protocol suffers from the centralization of mining pools, and dPos such as EOS claimed to be more decentralized in practice than bitcoin and ethereum even it only has 21 block producers.
My question is, is there any possibility to get rid of large mining pools centralization? Ethereum tried to make the hashing algorithms ASIC hard, but it seems that it doesn't do any better.
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