Re:The Ethereum merge is done
by ramijames on Saturday September 17, 2022 @01:18AM
(#32874969)
I help run the Ultra blockchain.
We have a concept called Proof of Authority where we basically went out and picked competent teams that have a vested interest in ensuring the blockchain is successful. They run the infrastructure in a fully decentralized manner, but we work as a group. There are 7 "pools" and we will eventually expand to 11. It's not decentralized as commonly understood, but way better (imo) than just putting whoever is richest in charge.
We have a concept called Proof of Authority where we basically went out and picked competent teams that have a vested interest in ensuring the blockchain is successful. They run the infrastructure in a fully decentralized manner, but we work as a group. There are 7 "pools" and we will eventually expand to 11. It's not decentralized as commonly understood, but way better (imo) than just putting whoever is richest in charge.