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New tech TRUTHS? Blockchain PROS/CONSsteemCreated with Sketch.

in bitcoin •  8 months ago

As you may know, there are LOTS of applications that live on the thing called a blockchain, on a decentralized network, on a distributed network. But, hat is that REALLY? Centralized, decentralized and distributed network models by Paul Baran (1964).
What!? 1964? Yep!

Take a look.
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These models were made back in 1964.

PROS / CONS

  • Points of Failure / Maintenance : Centralized systems are easy to maintain as there is only a single point of failure. Decentralized have more but still finite. Distributed systems are the most difficult to maintain.

  • Fault Tolerance / Stability : Centralized can be highly unstable. Kill the leader and there will be chaos. Kill the leader for a decentralized system and you will have many decentralized systems. Distributed systems are very stable and a single failure doesn’t do much harm.

  • Scalability / Max Population : Centralized — low scalability, Decentralized — Moderate, Distributed — Infinite.
    Ease of development / Creation : Centralized systems can be created really fast, you pick up a framework and apply it everywhere. For Decentralized and Distributed, you have to first work out the lower level details like resource sharing (trade) and communications (transport).

  • Evolution / Diversity : Since centralized systems follow a single framework, they don’t have diversity and evolve slowly. But for Decentralized and Distributed systems, once the basic infrastructure is in place, evolution is tremendous.

Take a minute, think about that. Oh by-the-way in Q3 2018, Lightning is coimg out, get ready!

Marco

  • Dad Joke For you Guys

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