Sentences with phrase «most decentralists»
Most Decentralists also believe some sort of block - size limit is required as an economical tool to create scarcity in blocks.
https://bitcoinmagazine.com/ Not exact matches
However, a rapidly rising block size could put most of these nodes out of work because they would simply have to switch off due to a lack appropriate hardware to perform transaction processing), paving the road to the real centralization (see [The Decentralist Perspective]-RRB-.
Moreover, decentralists contend that even these upper layers could include most of the advantages that the Bitcoin network introduced.
To find out, Bitcoin Magazinespoke with four of the most prominent of these decentralists: Bitcoin Core developer Dr. Pieter Wuille, Bitcoin Core developer and long - term block - size conservative Peter Todd, hashcash inventor and Blockstream founder and president Dr. Adam Back, and well - known cryptographer and digital currency veteran Nick Szabo.
The most recent addition to the scene has been explosive, combining radical decentralist impulses with a Wild West entrepreneurial spirit: the initial coin offering (ICO).