How decentralized is your blockchain, really? It pays to learn more about code and to dig deeper on purported scaling-solvers, tx fee solvers and so forth. Solana is a case study of the failure of CBDC's - it is essential to understand their greatest weakness is a single point of failure. The power of an open source blockchain is that everyone can see how something works and what it does at every step. Whenever there is a 'blackbox' of code, that's where you have power struggles. This is further confirmed with DAO's that issue funds to themselves in greater amounts or create further ways to drain the 'source' of issued tokens. Human nature leans toward abuses of power, abuses by greed or neglect. Open source code and the openness of developers' work leads to clear, robust and powerful blockchains. Cluttered, sneaky and opportunistic and monopolistic urges are expressed with 'blackboxes' - and they quickly show cracks in operation, scalability and are open for attacks as there is a limited pool of developers who know how it works. #opinion #knowyourchain #blockchaintech #blockchain #solana #scaling #opensource #github #solidity
Log in to join in Reading is open to everyone. Replying needs an account.
No comments yet