Cambridge Report: Cryptocurrency Mining Is Not as Centralized as People Think

According to Xiaocong APP, Judge Business School, an affiliate of the University of Cambridge, has released its second annual report on the economics of cryptocurrency. The main contents of the report include: millions of new users have entered the ecosystem, but most are still passive; most mining facilities use some renewable energy as part of their energy mix; mining is not as centralized as people often think; mobile wallets are still the most supported form, but support for online wallets has increased significantly; in the event of customer funds being lost or stolen, 2/3 of professional custodial exchanges have no refund procedures; among the surveyed companies, more than 80% of cryptocurrency companies hold funds in cold wallets; more than 80% of companies do not publicly share security audit information, indicating that they are generally reluctant to disclose security-critical information. (bitcoin.com)