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Are NFTs actually decentralized? I heard they run on the ethereum network, but not too sure if thats universal. Also, what happens if someone starts uploading i
by kart23 6y ago
Are NFTs actually decentralized? I heard they run on the ethereum network, but not too sure if thats universal. Also, what happens if someone starts uploading illegal content? Is there a method for deletion once an NFT is 'minted'?
- detaro 6y agoEthereum is the most common, but not the only blockchain people build NFTs on. As far as I understand, for space reasons they usually do not put the actual content on the chain, but a pointer to it (e.g. a hash that can be looked up on IPFS). AFAIK other blockchain things solve the illegal content problem by having lists of content they'll not show and that appears to have been enough for now. (e.g. there's been various blockchain-based social media projects that had the same question long ago)
- cma 6y agoWhy not batch these with a hash to a list of hashes? Is it that one extra level of indirection makes it too hard to explain to friends and newcomer investors what you own?