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Incentivization of miners creates a centralization force due to economies of scale effects. Ironically, nanos approach is itself an improvement on bitcoin's ap
by t3rr0r 6y ago
Incentivization of miners creates a centralization force due to economies of scale effects.
Ironically, nanos approach is itself an improvement on bitcoin's approach to consensus. Bitcoins nakamoto coefficient has been bending toward centralization whereas Nano's is bending toward decentralization. Nano's level of decentralization depends on the weighted opinion of its holders.