I can’t speak for @fgthiel, but it seems clear that “51%” was just an illustration. Remember that $mara holds less than 10% of the total Kaspa hash rate and that they started mining when 75% was already in circulation.
IMO the amount of Kaspa on Mara’s balance sheet (which is…— Shai ❤️ Deshe 💜 Wybors𐤊i 💙 (大胡子) (@DesheShai) August 22, 2024
**Title: Shai Deshe Discusses Kaspa Mining Dynamics and Mara’s Role**
In a recent tweet, Shai Deshe Wyborski, a PhD candidate in quantum cryptography and one of the core developers of the Kaspa project, provided insight into the ongoing discussions surrounding the cryptocurrency’s mining dynamics, particularly focusing on the influence of one of its mining entities, Mara. Deshe clarified that discussions of “51%” as a potential threshold for mining control should be viewed as merely illustrative, emphasizing the nuances of Kaspa’s network structure.
Deshe pointed out that Mara holds less than 10% of the total Kaspa hash rate. This detail is significant because it indicates that no single player, including Mara, has dominion over the mining process, thereby contributing to the decentralized nature of Kaspa. Furthermore, Deshe highlighted that Mara began mining only after 75% of the total coin supply was already in circulation, further underscoring the competitive landscape of Kaspa mining.
This commentary comes amid ongoing discussions in the cryptocurrency community regarding decentralization and the risks associated with mining pools potentially gaining too much influence over a network. Deshe’s insights contribute to a broader understanding of how Kaspa is structured to maintain a balanced mining ecosystem.
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