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Will Gendron

DARPA pokes yet another hole in blockchain’s ‘decentralization’ claim

DARPA blockchain Bitcoin Trail of Bits Crypto Mining

The crypto winter is in full effect, and despite propaganda like the “Long Live Crypto” ad from CoinBase, the blockchain looks more fallible than ever — especially when it comes to the tech’s efficacy in providing a decentralized alternative to traditional financial systems.

In a new analysis, Defense Advanced Research Projects Agency (DARPA), in conjunction with Trail of Bits — a cybersecurity research firm that consults for Big Tech players like Facebook and Google — the agency analyzed whether blockchain technology, which serves as the underlying transaction ledger for both Bitcoin and over 10,000 other cryptocurrencies, is as decentralized as its biggest proponents suggest.

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