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> 3rd party that has discretionary power, not by some computer code. I genuinely have no idea what you mean by this. Unless you manage a 51% attack there’s no
by okwubodu 5y ago
> 3rd party that has discretionary power, not by some computer code.
I genuinely have no idea what you mean by this. Unless you manage a 51% attack there’s no discretion to be had. You can for sure push nonsense to the chain, but it would either be ignored or punished [1][2] in some cases.
Blockchains are just distributed computing, it’s all computer code. The first two sections here (https://paulx.dev/blog/2021/01/14/programming-on-solana-an-introduction/ https://paulx.dev/blog/2021/01/14/programming-on-solana-an-i...) explain it much better than I can.
[1]https://support.polkadot.network/support/solutions/articles/65000110858-what-does-it-mean-to-get-slashed- https://support.polkadot.network/support/solutions/articles/...
[2]https://docs.solana.com/proposals/slashing https://docs.solana.com/proposals/slashing
- warkdarrior 5y agoMEV attacks are a thing. At a minimum, miners have power to frontrun transactions.
- lottin 5y agoFor one thing, miners can choose which transactions to include in the transaction block. This means they have the power to censor transactions. The claim that a blockchain is uncensorable is untrue. Under certain assumptions, it's unlikely that transactions will be censored, but there's no guarantee that that will be the case (as would be if this process was handled by a set of predetermined rules, e.g. computer code).