Post
Topic
Board Development & Technical Discussion
Re: The consensus dead end.
by
pooya87
on 29/04/2021, 04:25:52 UTC
Another poster here seems to think decentralization is all good, but that may make reaching consensus more difficult and be a problem.
We already have centralized currencies that are working A LOT better then centralized cryptocurrencies. The existence of a centralized cryptocurrency makes no sense.

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Bitcoin Cash is better able to evolve from consensus without that difficulty.
So does PayPal and VISA and ...

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Despite Bitcoin Cash's being less decentralized no major security problems have been found to prove it is a problem in the short term.
3 major security flaws:
EDA: difficulty manipulation
Fork at will multiple times to change the protocol without caring what everyone else thinks
Successful 51% attacks to reverse blocks that the centralized controllers of bcash didn't like.

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If decentralization is so important why is nobody mentioning Cardano?
This is not a coin comparison topic but Cardano also has a lot of traces of centralization. Starting from its ICO-premine.