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"Permissioned" ledgers have existed and failed many times before the invention of bitcoin. This is not decentralized. None of the BFT protocols are.
by kang 9y ago
"Permissioned" ledgers have existed and failed many times before the invention of bitcoin. This is not decentralized. None of the BFT protocols are.
- wmf 9y agoYou can combine BFT with dPOS for full decentralization.
- cocktailpeanuts 9y agodPOS (Delegated Proof of Stake) is just another word for "more centralized proof of stake". I am not saying dPOS is bad and even think it might be a good tradeoff for building real world applications with moderate decentralization, but claiming you can achieve "full decentralization" with dPOS is kinda ridiculous.
- nosuchthing 9y agodPOS for full decentralization. Any form of Proof of Stake isn't really decentralized, often as a result of a single or small group of users who have minted the entire supply. Other users are then expected to purchase the supply rather than generate it themselves. The sale price on exchanges is often spoofed due to the nature of the low liquidity and ease of wash trading.