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RE: Understanding the Difference Between an ‘Open-Community’ and ‘Closed-Network’ Blockchain

in #blockchain6 years ago

Intersting suggestion @futuremind. We will definitely look into the subject. Maybe you can provide a summary of your thoughts and we can collaborate on a piece together in the future.

Thanks for the kind words. That's the motivation that keeps us going.

Cheers.

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I haven't put a ton of thought into this honestly, in regards to the differences of open and closed networks, but I have given thought to the account creation process that exists on the Steem blockchain. Would this make it a closed network? Even though it's publicly viewable ? I would say it is a closed network, because only those with accounts can interact, however, this is a good protection against mass account creation for the purpose of vote farming.

So I suppose there are quite a bit of dynamics to consider here, and I will need to delve a bit deeper into my conceptual understanding of the pros and cons to different architectures in blockchain networks. I don't think with my current skill-set that I would be the best candidate for a collaboration, but I am more than happy to present my thoughts on the topic, even with my limited knowledge and understanding. It's probably not as limited as some, but I'm no pro, that's for sure man.

Thank you for the response :)

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