The Morning After: Cryptocurrency may be more centralized than you thought

One of the boons of cryptocurrency is meant to be that no particular company, central bank or government has control. Er, right?

That might not be true. Researchers for a report commissioned by the Defense Advanced Research Projects Agency (DARPA) found there can be “unintended centralities” in these supposed decentralized systems.

Cryptocurrency power is concentrated among people or organizations with a large chunk of the pie. Almost like any other capitalist system? Gasp.

“Unintended centralities” was the term used, defined as circumstances where an entity has sway over a so-called decentralized system. This could give them the opportunity to tamper with records of ownership. The report also notes three ISPs handle 60 percent of all bitcoin traffic.

The report said 21 percent of nodes are running an old, vulnerable version of the core bitcoin client. Attackers could target these nodes and take over the majority of a blockchain network. Theoretically, at least. But there have been plenty of cryptocurrency attacks in the last few years. Nothing wrong with some skepticism.

Real-life examples already exist: Read CNBC’s report on . It’s had issues with one major account holder wielding influence over the entire platform.

— Mat Smith

 

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The move comes as Microsoft pushes for more responsible uses of AI.

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Signify has also launched a new sunrise effect for Philips Hue lights.

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Plus our advice on how to choose one.

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Smart displays are the second-wave devices born out of the success of the Amazon Echo, Google Home and other smart speakers. Adding visual and tactile components to what were once devices you could only bark orders at makes them more functional and intriguing. Amazon and Google dominate the space, and we’ve just updated our guide to buying a smart display, and we have opinions!

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It has fully fueled the Space Launch System for the first time.

NASA encountered a couple of issues while conducting the Artemis 1 wet dress rehearsal, but it still checked off a major milestone by the end of the test. The agency was able to fully fuel all the Space Launch System’s propellant tanks for the first time and proceed to terminal launch countdown. Wet dress rehearsals are tests that simulate a rocket launch without the rocket actually lifting off.

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