decentralized trust
New term and thinking that we have to get used to.
decentralized trust
New term and thinking that we have to get used to.
It’s creating incentives to form global networks of collaborating developers, hive minds whose supply of interacting, iterative ideas is codified into lines of open-source software. That freely accessible code will enable the execution of countless as-yet-unimagined ideas. It is the foundation upon which the decentralized economy of the future will be built.
Decentralized economy of the future.
Public or “permissionless” blockchains like Bitcoin and Ethereum, which hold the greatest promise of absolute openness and immutability, are facing growing pains. Bitcoin still can’t process more than seven transactions a second, and transaction fees can sometimes spike, making it costly to use.
I didn’t realize that Bitcoin has a transaction fee.
consensus protocol,”
A building block of blockchain. See below