A lot of people misunderstand the meaning of decentralization, especially in regards to blockchain.
This is a great resource that fully explains which parts of blockchain are centralized, decentralized, and in what way.
Topic: Decentralised! Really? - page 2. (Read 1094 times)
Many ICO these days says decentralised, but usually have their own central software for using that technology or product, rather than writing in smart contract.
The only thing written in smart contracts are the coin distribution, etc.
Then why these are called decentralised?
Or am I missing something?
P.S. I am learning, so any relevant info is appreciated!
The only thing written in smart contracts are the coin distribution, etc.
Then why these are called decentralised?
Or am I missing something?
P.S. I am learning, so any relevant info is appreciated!
There are some nuances that need to be considered when contemplating the nature of the decentralized systems under scrutiny. There are separate components of these systems working together to build the networks (miner nodes, validator nodes, etc) all correlating their individual consensus protocols which collaborate to construct the distributed ledgers.
All that is said to be decentralized is because more and more new coins emerge so as to make the competition between old coins with new and more dominant users to choose which has a high selling value and emerge a desantrilisasi (changes that can happen instantly without being noticed by people quickly its existence)
Forget about decentralisation,ICO's only target money.Their only intention is to make people believe in their idea and sell the worthless tokens.It has become a business now
Yes, it's absolute majorityHowever, if u spotted a working open blockchain and devs're asking for reasonable capital to develop some specific features or to market the project, it can be interesting (and also can turn into Blockstream bullshit)
Many ICO these days says decentralised, but usually have their own central software for using that technology or product, rather than writing in smart contract.
You are correct,Most of the ICO these days don't even have their own ICO software forget about decentralisation.They tend to target the commercial industries and guess who are the founders of these ICO's ? The corp orates themselves ! You cannot expect much from them,can you ? The only thing written in smart contracts are the coin distribution, etc.
Then why these are called decentralised?
Or am I missing something?
P.S. I am learning, so any relevant info is appreciated!
Forget about decentralisation,ICO's only target money.Their only intention is to make people believe in their idea and sell the worthless tokens.It has become a business now.I don't even see any great developers leading any of those projects.Just money hungry corporate. Then why these are called decentralised?
Or am I missing something?
P.S. I am learning, so any relevant info is appreciated!
Yeah, that's one word that's thrown around a lot... Technically a lot of these coins are "decentralized", but really it's been feeling like a buzzword that would be more weird to not have in your ANN thread or description.
Just understand that some things are taken as standards and really shouldn't be one of the main selling points (Buy this boat now and it floats!). Really, when you're doing your research, you'll find the points about the coin that will convince you to buy into it- it won't be some easy, cheap statement like claiming to be decentralized.
Cheers.
Just understand that some things are taken as standards and really shouldn't be one of the main selling points (Buy this boat now and it floats!). Really, when you're doing your research, you'll find the points about the coin that will convince you to buy into it- it won't be some easy, cheap statement like claiming to be decentralized.
Cheers.
Exactly. "Decentralized" has become a buzz word, along with the idea that EVERYTHING is better on-chain. But that's FAR from obvious.
Take all the recent fintech startups that run all their transactions on-chain (Humaniq, Everex etc.). Why? These guys want to reach millions, maybe billions of users. Does Blockchain have the capacity and throughput to handle this many transactions? What about on-chain transaction fees---they can be volatile and may become prohibitively expensive.
Our platform does it differently. Some people don't care about on-chain transactions. If not, we can handle them centrally on our databases and do them instantly and for free. But we're still Blockchain enthusiasts---if you want to invest in cryptos or run your transactions on-chain, you can do that on our platform, with great security. But we don't force cryptos on our users.
If you would like to know more about our approach to decentralization, please check out our ANN thread and formal whitepaper
Yeah, that's one word that's thrown around a lot... Technically a lot of these coins are "decentralized", but really it's been feeling like a buzzword that would be more weird to not have in your ANN thread or description.
Just understand that some things are taken as standards and really shouldn't be one of the main selling points (Buy this boat now and it floats!). Really, when you're doing your research, you'll find the points about the coin that will convince you to buy into it- it won't be some easy, cheap statement like claiming to be decentralized.
Cheers.
Just understand that some things are taken as standards and really shouldn't be one of the main selling points (Buy this boat now and it floats!). Really, when you're doing your research, you'll find the points about the coin that will convince you to buy into it- it won't be some easy, cheap statement like claiming to be decentralized.
Cheers.
Many ICO these days says decentralised, but usually have their own central software for using that technology or product, rather than writing in smart contract.
The only thing written in smart contracts are the coin distribution, etc.
Then why these are called decentralised?
Or am I missing something?
P.S. I am learning, so any relevant info is appreciated!
The only thing written in smart contracts are the coin distribution, etc.
Then why these are called decentralised?
Or am I missing something?
P.S. I am learning, so any relevant info is appreciated!
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