Post
Topic
Board Beginners & Help
Re: Are centralized cryptocurrencies safe?
by
Sofiamnc
on 02/05/2018, 16:59:27 UTC
A centralized cryptocurrency is usually safer for its users in terms of hacking, but how about possible Government restrictions?

Are they easier to ban?

https://i.imgur.com/B7Pbdbq.png


So if you destroy the centre of A then all gone but for B you will need to destroy each and every node. For me A is easier and the same for others.

Update:
@mdayonliner (B) has a central body too, where did you get that image?
If those were Bitcoin Nodes, it will look like a haywire. (each dot should have a line connected to each of all the dots)
I took it from google and now realised it has been presented wrong. Just updated it.

PS: For readers, previous image was this one (<==== wrong one)

Great answer to share! Visuals are always easy to understand and the one you posted explains everything itself, thank you very much!