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The reality, every blockchain is vulnerable to such forking. The system is still decentralized, as the miners have to make their choice. However, the Ethereum F
by mablap 10y ago
The reality, every blockchain is vulnerable to such forking. The system is still decentralized, as the miners have to make their choice. However, the Ethereum Foundation decided to force the fork upon geth users, as the software defaults to pro-fork. So in effect a lot of users will be coerced into forking, without knowing.
This particular fork is political and not technical. The previous ETH forks were modifications to the protocol. The current fork is a modification to the account balances. The rich Ethereum fanatics are completely and absurdly delusional in thinking this will be a great event in their history. To me, the canonical chain is all but dead. The protocol will survive, just not on this chain.
- mwilcox 10y agoNot quite. Ethereum's trie allows transaction paths like this to be clipped with almost no collateral damage to the rest of the data structure. Bitcoin's UTXO model makes it very difficult to roll back transactions since it would cause havoc on every other transaction on the network.
- mablap 10y agoWhat is "not quite" referring to?
- xorcist 10y ago> as the miners have to make their choice Miners don't make stances. They mine whatever is economically viable. A fork without exchanges would not have economic value, for example, and would be useless to mine.