Topic: Decentralization of Ethereum: myth or truth? (Read 156 times)
Etherum is decentralized and the whole crypto market is maintaining its decentralized feature upto a level possible. An invulnarable decentralization is not possible in this current sitution according to me. It can be possible whwn situtation will be improved.
Decentralisation is a reality that's why you could transfer funds from one wallet to another no matter the amount without asking for KYC.
Decentralization is an integral part of any crypto currency. However, the numerous flaws that flow to the surface as Ethereum blockade is used in different conditions, confirm that the network is not 100% decentralized.
Decentralization is the main criteria of cryptocurrency. All the cryptocurrency in the market are decentralized. No central government can regulate the cryptocurrency.
I think decentralization of ethereum is not myth it truth. Moreover, every crypto currency is decentralized.
I think it's real. After all, the creators of the coin thought about it. Thanks to the miners, decentralization is achieved because of them
I remember a report by TV media, how Vitaly Buterin met with Russian President Putin, what do you think that meant?
I believe that the decentralization of Ethereum in the near future is more of a myth than a reality. Numerous flaws that flow to the surface as Ethereum blockchain is used in different conditions, confirm that the network is not decentralized. There is still a lot of work to eliminate the centralizing factors and this requires a lot of time.
In market every coins are using blockchain tech based on this system its obviously decentralized and this eth is also following this but difference is btc is fully decentralize because only btc come with this blockchain idea but eth developed this after few days later based on this is truth .
Decentralization - it's undoubted the platform of each cryptocurrency, but despite it each coin is exposed to danger sooner or later and there are attacks in this connection means are stolen. Remember vulnerabilities of a purse of MEW, recent events with Verge coin. Only thanks to efforts of developers of a coin remain more or less in safety and that not the fact that holes won't be found.
Decentralization is an integral part of any crypto currency?
Invulnerable decentralization is a myth or reality? What do you think of this?
Invulnerable decentralization is a myth or reality? What do you think of this?
Decentralization for Ethereum is not invulnerable because there is no centralized ecosystem, its an ERC20 smart contract blockchain that is completely decentralized from different computer nodes. Its decentralization is completely realistic with the EVM machine.
Decentralization is an integral part of any crypto currency?
Invulnerable decentralization is a myth or reality? What do you think of this?
In my opinion the decentralization of ethereum is real because it is using PoW and we know that PoS created by a lot of miners that help to run the network and to protect the network become decentralized. Invulnerable decentralization is a myth or reality? What do you think of this?
But this system is less conservative because it needs a lot of energy. I can say that we are still in the evolution of decentralized system to become more conservative.
Clever contracts in Ethereum are presented in the form of classes that can be implemented in different languages, including visual programming and compiled into the bytecode for the Ethereum Virtual Machine (EVM) before being sent to the blockroom. The change in the state of the virtual machine can be recorded in a full Turing scripting language.
Decentralization can be anything like even if a any coin/token have their block chain privately stored in few servers than it will also be called as decentralized network which is vulnerable
But if network/ledger is decentralized like bitcoin and ethereum than yes its pretty much invulnerable because if they were than by now we mayn't had bitcoin and ethereum.
But if network/ledger is decentralized like bitcoin and ethereum than yes its pretty much invulnerable because if they were than by now we mayn't had bitcoin and ethereum.
As far as i know ethereum is decentralize. I have little bit knowledge about ethereum. Because i only invest on bitcoin i think it is the safe option for me.
The market of crypto currency is based on the concept of decentralization where there will be no controls from the center. It is the root principle or the base of the market. It has many advantages than centralized system. It should be remembered that everything has both good and bad sides.
Decentralization is an integral part of any crypto currency?
Invulnerable decentralization is a myth or reality? What do you think of this?
Invulnerable decentralization is a myth or reality? What do you think of this?
Jump to: