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.