Post
Topic
Board Bitcoin Discussion
Re: Is the Lightning Network centralized?
by
hv_
on 13/08/2018, 07:31:50 UTC
There's a mathmetical measure for "decentralization", you can't tell how exactly centralized it is by looking.


Obviously, to be exact, one would have to calculate a number.

However, it is trivial to observe qualitatively that the network is quite centralized, and this is only the larval form. If a meaningful amount of capital was actually involved, it would be much more centralized.



There is a good analogon in physics. A  3 body problem is just solvable (very hard!)  - not  a  4 body problem!

And the BFT threshold of 33%

So having 4+ (equally) independent actors  is a good start.


And pls lookup Nash Equilibrium