2 Matching Annotations
  1. Nov 2021
    1. Thus, there is no centralized recordkeeper with authority over the ledger. This is where blockchains achieve their resistance to corruption: anyone hoping to tamper with the ledger will need to suborn a significant fraction of participants, not just one.

      It's interesting how there isn't a recordkeeper, as a blockchain is known to organize chunks of records. With that amount of data, someone needs to maintain it. To be honest, I think that's what creates the ambiguity due to the fact that there is no recordkeeper to draw the line between certain construed ideas.

    2. If the pro-upgrade faction backs down, the status quo prevails. If the anti-upgrade faction backs down, the upgrade happens. If neither faction backs down, the blockchain forks.

      I'm slightly confused to the idea of how a blockchain forks. If neither faction backs down, wouldn't there be a certain compromise? Wouldn't it be best for two factions to have separate blockchains like the situation between Bitcoin & Bitcoin Cash?