Questions tagged [decentralization]

systems, such as Bitcoin, that lack any single central authority to validate their operations and which have to use other means to determine the validity of operations.

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Bitcoin users limit

How bitcoin handle users limit if only 4000 transactions in every 10 minutes ? Let's say I transfer 2 bitcoin to Anuj account then how much time maximum it will take to reflect in Anuj's account and ...
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Is there some sort of decentralized digital bank project? [closed]

I have lost 100% of my remaining trust in the "traditional" banks, especially after they recently removed the only remaining method to even automate fetching my account balance. I'm ...
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Is there actually such a thing as “blockchains” being used right now for actual things? [closed]

In the last few years, I've heard "blockchain" and "blockchain 2.0" and many other such buzzwords repeated so many times that I'm beginning to wonder if I've missed out on ...
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Can you have a cryptocurrency with a single source of truth?

Can you have a cryptocurrency that's based on TRUST? (how dare I use this dirty word haha) Everyone who participates in the system agrees to trust this 1 party only, because they find them trustworthy....
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Automated decentralized exchange between bitcoin and similar currency? [closed]

I want to create a cryptocurrency that's backed by bitcoin, that's running on it's own different blockchain and consensus algorithm. Is it possible have a decentralized exchange between bitcoin and ...
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Can one consider that the interest of other actors/stakeholders would change something about the concept of “blockchain”?

I am new to the Bitcoin world and am trying to get an overview within a research project. I see that Bitcoin was born out of a certain motivation to decentralize money and that decentralization, open ...
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1answer
46 views

How can Server-less communication take place between clients?

I was thinking to design a application which is not dependent on server and can directly send and receive data to and from other clients.I learned it is possible with UDP but how can new users join in ...
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1answer
55 views

How do miners communicate in Bitcoin/ Decentralized Network?

1.)If there is no central authority maintaining database how miners differentiate among other miners. 2.)Do they have there own database which have details(Mac/IP address) of neighbouring miners . 3....
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Why is it important for individuals to be able to run their own nodes?

I understand that the more people that can run their own node supports decentralization, but if miners are sufficiently decentralized what is the threat of users not being able to run their own nodes?
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Why is there no decentralized Bitcoin trading API?

Since nobody has answered me the last 30 times when I asked for decentralized Bitcoin trading APIs, I can pretty safely conclude that it just doesn't exist. So that's why I now ask why this is. Don't ...
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What are the chances bitcoin big mining pools to unite and do 51% attack?

Looking at this bitcoin hash rate distribution chart (https://www.blockchain.com/en/pools), it only takes 3-4 mining pools to unite and do a 51% attack. With this possibility, how can people still ...
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Is proof-of-work required in Bitcoin?

It seems that the rationale behind the proof-of-work requirement in Bitcoin is that it creates trust in a decentralized trustless network by: helping to reach consensus on which version of the ...
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Looking for whitepapers on pool-resistence mining

I have seen several cryptocurrencies list the feature of decentralization of mining through ASIC-resistance and pool-resistance. However, I have not yet found any whitepapers which explain how the ...
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Can someone please explain how Lightning paths are working and what effect large centralized hubs have?

Can someone please explain how Lightning paths are working and what effect large centralized hubs have? Dear community, I have read some stuff about lightning and i am really interested to ...
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59 views

Proof for “Is an immutable, decentralized blockchain possible without economical incentives?”

Bitcoin is immutable because of economical incentives. Those who are able to 51% the network can't do it, because it'll result in the value of the currency to drop tremendously, which causes waste of ...
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3answers
581 views

Is there any benefits to a distributed computing architecture outside of cryptocurrencies?

I was recently talking to a German start-up that was in an accelerator programme. They are building a product which is a distributed database that they are proposing will have efficiency benefits over ...
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1answer
295 views

Removing “hub-and-spoke” property of Lightning Network?

Lightning Network is based on this idea: "Near-zero fee transactions with hub-and-spoke micropayments" (Link to the article) proposed by Peter Todd. An article entitled: "Mathematical Proof That the ...
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66 views

How does Bitcoin use its communication protocol and its database model?

In terms of Bitcoin's communication protocol, how does Bitcoin allow nodes to communicate between each other? Is Bitcoin's communication protocol the same as IPFS(InterPlanetary File System) and if ...
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1answer
61 views

Implementing an “ad-hoc-like network of payment channels” on top of Bitcoin network?

If we define an ad-hoc network as follows: "An ad hoc network is a network that is composed of individual devices communicating with each other directly." [1] ad-hoc networks do not rely on ...
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Is routing approach of Bitcoin Lighning Network “decentralized” and “trust-less”?

From the Bitcoin Lightning Network: it is possible to find a path across the network similar to routing packets on the internet. Is routing approach of Bitcoin Lighning Network performed in a "...
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Why can't an ISP ban access to a blockchain network? [duplicate]

I read that blockchain sits on top of the internet and is decentralised. We still have to access the blockchain network via an ISP. Without ISP, we can't access the internet so why can't an ISP block ...
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Is there a decentralized zk-SNARK (zero-knowledge Succinct Non-Interactive ARgument of Knowledge)?

Normally, in zk-SNARK, we need to generate two public keys: one for prover and one for verifier. However, the input parameter of this generator algorithm must be secret, meaning that it must be hidden ...
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Is blockchain always “public”?

Is the following definition of blockchain by its wikipwdia page correct? Where it is mentioned: A blockchain is a decentralized, distributed and public digital ledger ... Cannot we have a ...
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1answer
61 views

“Centralized Relational Databases” vs. “Decentralized Blockchain ” : Which one is really more scalable?

There are many research papers on problem of scalability of blockchains: Just as an example : An Overview of Blockchain Technology: Architecture, Consensus, and Future Trends However, (usually by ...
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“Augur” vs. “Oraclize” : What is the main difference? [closed]

Can we say that "Augur" is a decentralized Oracle against "Oraclize" as a centralized model?
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Other people mining my coin without my permission, how to avoid this? [closed]

I have created an altcoin and i wanted to solo mine all coins myself. I disabled generate function in wallet, hidden the source code as private in github. I run one main node and i mine in my laptop. ...
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Is it logical to use “Proof-of-Authority” for a “public” blockchain?

According parity.io website: Proof-of-Authority is a replacement for Proof-of-Work, which can be used for private chain setups. And also: The chain has to be signed off by the majority of ...
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Ripple validator nodes

Are ripple validation nodes appointed by central authority? If not, what prevents 51% attack through validator nodes? Why ripple.txt file contains validation nodes list? Who maintains this list? What ...
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Why can't Bitcoin transactions be stopped like SWIFT transfers?

As I know, most BTC hacking happens at digital wallet (but in blocks). I believe the hacker use normal BTC transaction to transfer those stolen BTC to other block addresses. Why can't we stop the ...
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Is it possible to get rid of mining pools and therefore get a truly decentralized bitcoin?

There are some criticism that PoW of bitcoin and ethereum protocol suffers from the centralization of mining pools, and dPos such as EOS claimed to be more decentralized in practice than bitcoin and ...
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1answer
71 views

Are Bitcoin and Ethereum really de-centralized? Or is federated a better term?

By looking at the bitcoin and ethereum mining pool hashrate distribution I feel that only 5-10 relevant full nodes exist. So it's more like a federated system among those. Am I seeing something wrong ...
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3answers
232 views

What are the tangible benefits of decentralisation?

What are the tangible benefits of decentralisation? This question was posed to me by my parents. Under that this question might incur a lot of wrath from this community. When my parents lose their ...
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Is it possible to create a Dapp on top of Bitcoin?

Is it possible to create a dapp on top of bitcoin similar to how it can be done with ethereum? Can it be just as capable as ethereum?
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1answer
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Is Bitcoin centralized by mining pools?

Before going to my question, I want to make sure the difference between a full node and a miner. Below definition might be too simple, but it is enough to ask my question. A full node is to store ...
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When or how does one becomes a part of Bitcoin P2P network

I am new to bitcoins and got a question raised in my mind recently. I learnt that every person doing a transaction is a node in btc p2p network and that when he/she joins the network he/she gets a ...
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Even though Blockchain is tagged as “ Decentralized”, wouldn't the organization actually implementing the Blockchain like Ethereum control it?

For example, If I were a business that would want to use the Ethereum Blockchain technology to shift my business to Blockchain, wouldn't Ethereum be in control of the actual underlying Blockchain ...
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The idea of Blockchain compression [closed]

Bitcoin's blockchain is large. By accident, I discovered a way to reduce it (on the disk), but I wonder why it was not implemented by someone else. I wrote a short documentation here: http://194.28....
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Assumed, I hash the next bitcoin block. Whom do I tell if it's decentralized?

The bitcoin network is decentralized, right? Assumed, I do hash a little bit and get a hash that starts with 20 Zeros.. What do I do than? I need to send the block to someone but who is that? It's ...
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1answer
693 views

Bitcoin is becoming CENTRALIZED and is INSECURE [closed]

I'd like someone to tell me if I'm wrong: More than 50% of the mining is done by Chinese pools. That means that they control the network - who's transactions get in, who's transactions are left out. ...
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Would a memory bound POW facilitate decentralization?

Today I was musing on the complaints that Bitcoin network is too energy greedy and centralized (let's not discuss if this is actually true) and the suggestions that memory bound POW would be ...
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474 views

What makes bitcoin decentralized?

I want to understand the defense mechanism of the Bitcoin price control. A rich company can buy a large portion of Bitcoins from different people in different exchanges. Then they can hold on to ...
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3answers
255 views

Is mining essentially just a way to randomly select the next winning miner?

I know it's not really a completely random selection because some miners have more hashing power so their odds are increased. But let's assume for a moment that all miners are about equal in hashing ...
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Why isn't bitcoin itself its own ledger?

Sorry if I'm asking a very daft question here, bitcoin newbie. When I first heard of bitcoin, I thought bitcoin itself kept a record of who had spent it and when. I didn't know the blockchain was a ...
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Where to find the data to compare the decentralisation of mining for different cryptos?

I'd like to compare the centralisation of BTC's mining / nodes / pools for BTC and other alts. Where can data be found on this? Thank you! David
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Geographical distribution of mining power/work

Is there any information on how the mining power is distributed geographically? I.e. where the computers are located that do the work. This is important as one measure of centralization of the system,...
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Why did Satoshi design Bitcoin to be mineable only on specialized hardware, if the goal was decentralization?

GPU-mineable cryptos are arguably more decentralized. Did he simply miss this design aspect or does this sound fishy to you?
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Bitcoin - not so democratic future? [closed]

Bitcoin's goal is a decentralized democratic value system. But miners and platforms are already consolidating into bigger more powerful entities. What's to stop it? I feel a crypto will only be ...
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1answer
223 views

SharedCoin vs JoinMarket, Pros and Cons of each

Can someone please clearly specify the differences between SharedCoin and JoinMarket. What are the advantages and disadvantages of each? How is SharedCoin centralized while JoinMarket decentralized?
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Is BItcoin the only truly decentralized cryptocurrency?

Is Bitcoin (and likewise Bitcoin Cash)the only truly decentralized cryptocurrency? It appears that all the other altcoins are connected to companies or individuals who control them.
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If bitcoin is decentralized then who keeps track of computers in network

I keep hearing that bitcoin is decentralized i.e. no single entity owns it. And each computer which is part of bitcoin network keeps the copy of ledger. My question is who keeps track of all ...