Bitcoin Core Code Administrator Departure and Code Modification Rights

02/17/2023 05:07 • Daily Digest • 78 views

On February 17, it was reported that a Bitcoin core code administrator had left on Thursday. Currently, only 5 people have the right to modify the code. According to the previous statistics of Andrew Chow, the Bitcoin core developer, only 17 people including him have obtained the right to change the Bitcoin core code since its launch in 2009, including Nakamoto, Martti Malmi (Sirius, sirius_m), Gavin Andresen, Gloria Zhao (glozow), etc.

A Bitcoin core code administrator left on Thursday. Currently, only 5 people have the right to modify the code

Interpretation of the news:

Bitcoin, an online digital currency powered by blockchain technology, has been gaining popularity in recent years. However, the code that governs it is controlled by only a few individuals, which raises questions about security and decentralization. One recent development highlighting this issue is the departure of a Bitcoin core code administrator on February 17, 2022.

The news report states that currently only 5 people have the right to modify the code. This means that any changes made to the code, whether intentional or unintentional, could significantly impact Bitcoin’s network security and performance. To understand the significance of this, it is important to note that since Bitcoin launched in 2009, only 17 people, including the Bitcoin core developer, Andrew Chow, have obtained the right to change the Bitcoin core code. This small group includes the mysterious creator of Bitcoin, Satoshi Nakamoto, and other pioneers of the cryptocurrency such as Martti Malmi, Gavin Andresen, and Gloria Zhao.

The departure of the Bitcoin core code administrator highlights the concerns around Bitcoin’s centralization and lack of transparency. The fact that so few individuals have such significant control over a global financial system is unsettling. Many experts have highlighted the need for more decentralization and transparency in the Bitcoin network to ensure its security and sustainability.

Bitcoin is built on the principle of decentralization, but its current state suggests otherwise. Decentralization is critical as it ensures that no one entity can seize control of the network. It promotes trust and transparency among its users and stakeholders, ensuring that the system is fair and equitable. The current state of Bitcoin’s code raises concerns about its overall stability, which could negatively impact its growth and adoption.

In conclusion, the departure of a Bitcoin core code administrator highlights the current state of Bitcoin’s code, which is controlled by only a few individuals. Decentralization and transparency are critical for the long-term sustainability of the Bitcoin network. The small group of individuals who have the right to change Bitcoin’s core code underscores the need for more decentralization measures to be put in place to ensure the security and trustworthiness of the cryptocurrency.

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