Post
Topic
Board Announcements (Altcoins)
Re: NXT :: descendant of Bitcoin - Updated Information
by
ChuckOne
on 12/02/2014, 23:41:42 UTC
Centralization is an issue. How do we counteract?

Pooled forging / leasing forging power will be great for that. Coming with account control features, iirc.

But why is pooling aka centralization good?

I would like many nodes rather than a few.

pooled forging is to help the people that can't forge much alone.

This isn't send all your NXT to a single account which in general creates more a forging chance; but instead the nxt accounts all a part of the pool just lease forging power to the pool without giving any NXT to them outright. So don't think we would be giving up nodes  Huh

Unless I understand the whole thing wrong  Tongue

Maybe, I have not made myself clear enough. Let me rephrase it:

The more node the better because if there are more nodes, less and less of them are malicious.

node = computing device

If you transfer your forging power to somebody, then his node becomes stronger and we have less nodes.