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Are all the features actually decentralized? If not, what’s the point of X without Y if it’s just another centralized service.
by chaostheory 5y ago
Are all the features actually decentralized? If not, what’s the point of X without Y if it’s just another centralized service.
- ibz 5y agoThey say it's built on top of the Lightning Network, so yes.
- chaostheory 5y agoDoesn’t the lightning network help centralize the bitcoin platform in exchange for efficiency and speed?
- ibz 5y agoHow so? It doesn't trade decentralization for speed, but rather it just achieves speed in another way (requiring on-chain consensus only on channel open/close rather than every transaction). The decentralization is still there, except it moves from miners to nodes run by users. Am I missing something obvious?
- chaostheory 5y agoBecause not all nodes are equal. 10% of the nodes are responsible for 80% of the transactions.