3 ms·
"[0002] Several cryptocurrencies exist. Among these, the most well known is a blockchain-based cryptocurrency. Most blockchain-based cryptocurrency is decentral
by madmaniak 6y ago
"[0002] Several cryptocurrencies exist. Among these, the most well known is a blockchain-based cryptocurrency. Most blockchain-based cryptocurrency is decentralized in the sense that it has no central point of control. However, blockchain-based cryptocurrency can also be implemented in a centralized system having a central point of control over the cryptocurrency. Bitcoin is one of the examples of blockchain-based cryptocurrency. It is described in a 2008 article by Satoshi Nakamoto, named“Bitcoin: A peer-to-Peer"
I'm speechless.
- mikro2nd 6y agoWhy are you speechless? Your comment invites no conversation and provokes no deliberation. Please expand on it.
- jotakami 6y agoBecause “centralized cryptocurrency” is an oxymoron
- Gregam3 6y agoThat is not true, cryptocurrencies do not necessarily have to be decentralised. Although I suppose that depends on your definition, but then you would be disqualifying something like XRP from being a cryptocurrency. Which people generally agree is.
- cocktailpeanuts 6y agoIt's not an oxymoron. The first ever cryptocurrency was a centralized cryptocurrency. While the centralized aspect was the reason why it failed, the old systems from decades ago were indeed cryptocurrencies. Look up David Chaum.
- madmaniak 6y agoYes it's an oxymoron. EOT