Is Total Decentralization of Blockhain the way to go!

in #blockhain • 7 years ago (edited)

Satoshi Nakamoto's Vision

The infamous Satoshi Nakamoto's whitepaper talks about blockchain being a Peer to Peer (P2P) network of computers. Which meant there was no central computer that controls how the network operated. This fundamental idea of P2P networking, meant that the network will have become resilient, and for that matter, any idea encapsulating this model, will follow suit.
ClientServer.JPG...................................P2P.JPG

Why put your eggs in one busket

As simple as it is, how does one mitigate risks, say in making investments, you simple spread out the risks. And in doing so, have taken the best step in protecting your money. In fact, putting faith in a decentralized system for that matter is the way to go as we mitigate the risks with the forces that affect our daily lives as well.

How far can we go with decentralization of blockhain itself

In my opinion, I would suggest going as far as we can go, until we know there isn't anything more to be decentralized in theory. In practice, we tend to come up with reasons that complicates things and slow the process of being a true Utopian society. If it's about mitigation and decentralization from a central authority, I am with open arms to welcome this idea.

Sources:
Image from https://www.digitaltrends.com/
https://bitcoin.org/en/bitcoin-paper
https://en.wikipedia.org/wiki/Peer-to-peer

7 years ago in #blockhain by
$0.03
  • Past Payouts $0.03, 0.00 TRX
  • - Author $0.03, 0.00 TRX
  • - Curators $0.00, 0.00 TRX
6 votes
Reply 2
Sort:  
  • Trending
    • [-]
     7 years ago 

    @mrainp420 has voted on behalf of @minnowpond.
    If you would like to recieve upvotes from minnowponds team on all your posts, simply FOLLOW @minnowpond.

                To receive an BiggerUpvote send 0.5 SBD to @minnowpond with your posts url as the memo
            To receive an BiggerUpvote and a reSteem send 1.25SBD to @minnowpond with your posts url as the memo
            To receive an upvote send 0.25 SBD to @minnowpond with your posts url as the memo
            To receive an reSteem send 0.75 SBD to @minnowpond with your posts url as the memo
            To receive an upvote and a reSteem send 1.00SBD to @minnowpond with your posts url as the memo

    Coin Marketplace

    STEEM 0.16
    TRX 0.16
    JST 0.030
    BTC 59388.60
    ETH 2528.39
    USDT 1.00
    SBD 2.50