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The Daily Hodl 2019-11-28 17:05:33

Do We Really Need Decentralization? Exploring Bitcoin, Blockchain and Utopia

Grade school might tell you anything is possible. Complete and total decentralization, however, is not – at least not sustainably. The premise that decentralization is impossible hinges on the fact that decentralization “experiments”, such as Bitcoin, have approached degrees of centralization. For example, Bitcoin’s proof-of-work (PoW) mechanism relies on many different nodes to “mine,” or […]The post Do We Really Need Decentralization? Exploring Bitcoin, Blockchain and Utopia appeared first on The Daily Hodl.

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