Wednesday February 5, 2025

Wrapped in Chains: Bitcoin’s Centralization Trap

Wrapped in Chains: Bitcoin’s Centralization Trap

by Guest Author November 9, 2024 1 min read

(Originally posted on : Bitcoin News )

This Op-Ed explores if there is a way out of the centralization cycle for wrapped Bitcoin. TLDR: The Greeks wrote about Sisyphus, eternally pushing his boulder uphill, only for it to roll back down. In crypto, we keep pushing Bitcoin toward decentralization, only to watch wrapped versions roll back into centralized hands. Is this our […]

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