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Okay so how can you have a payment system where: - Transactions are on a decentralized blockchain - That blockchain is however not public - That blockchain a
by leokennis 4y ago
Okay so how can you have a payment system where:
- Transactions are on a decentralized blockchain
- That blockchain is however not public
- That blockchain allows for high(er) TPS
- That blockchain isn’t vulnerable to easy fraud
Am I missing a trade-off here?
- oh_sigh 4y agoYes - you're missing "mathemagic" :) And a variety of independent engineering solutions which are largely independent of the mathemagic(think sharding or something like the lightning network). Check out ZCash for an example of non-public, decentralized block chain.
- deleted 4y ago[deleted]
- vorpalhex 4y agoDecentralization (and therefore fraud risk through things like doube spend).