Re:Bitcoin, Ethereum, Blockchain, Tokens, ICOs: Why Should A...
by runeks on Thursday July 06, 2017 @12:34AM
(#14708150)
> [..] but they are logically centralized (there is one commonly agreed state and the system behaves like a single computer)"
That's just a protocol. He uses the term "logic centralization" to describe the fact that we agree on a protocol. Bitcoin, and any other protocol, doesn't exist in spite of "logical centralization", it exists because of it, since that's what a protocol is (if you want to use that term).
That's just a protocol. He uses the term "logic centralization" to describe the fact that we agree on a protocol. Bitcoin, and any other protocol, doesn't exist in spite of "logical centralization", it exists because of it, since that's what a protocol is (if you want to use that term).