2 ms·
I guess I am really out of touch but I understood about two and a half words of what you just said.
by IgorPartola 5y ago
I guess I am really out of touch but I understood about two and a half words of what you just said.
- CryptoPunk 5y agoIt means that everything you need to arrive at a consensus on the validity of a transaction is on the blockchain, and thus enforced by the decentralized network of nodes that validate the blockchain. So contrary to what the grandparent comment claims, these layer 2 (i.e. scalability) solutions make no compromises on decentralization, as they would if they had a consensus-critical component that was managed by a centralized off-chain party.
- manojlds 5y agoIt's a bit like having an in-mem db that then commits your transactions to the actual DB which is much slower.