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Notice that the flow chart does not mention decentralized. The "decentralization" in cryptocurrencies come from whatever mining/proof-of-something mechanism bui
by dfox 8y ago
Notice that the flow chart does not mention decentralized. The "decentralization" in cryptocurrencies come from whatever mining/proof-of-something mechanism build on top and has nothing to do with blockchain itself.
- calibas 8y agoIt mentions decentralization, but in a rather smart-ass way: "Are the entities with write access having a hard time deciding who should be in control of the data store."
- krastanov 8y agoI do not think I agree. Blockchains are decentralized consensus. If you remove the decentralized consensus algorithm from a block chain, you are left with simply a Merkle tree, a much older concept (used in git for instance where there is no global consensus).