Community Trust ScoreVerified
Gavin Wood expressed: Events of today in crypto just go to show that genuine decentralization and well-designed security make a far more valuable proposition than some big TPS numbers coming from an exclusive and closed set of servers. If you can’t run a full-node yourself then it’s just another bank.
Community response: Nah Man. It is never black and white. There is a threshold what has to be reached. After that level, it is well off decentralized. This shows just that SOL is a BETA as they very well call it themselves and that there’s way more to go. And, it shows they have a strong community/team.
Very poor people in countries like Venezuela can’t run a full node. Does that make ALL cryptocurrencies a bank, then?
Basically anyone with a computer can run a Cardano node, just need 8GB of ram (standard laptop). If you download Daedalus wallet you are running a full Cardano node.
I was wondering when this meme would turn on DOT. Many were memeing “when smart contracts” for Cardano for a while DOT was sitting there doing nothing as well.
Decentralization is so much more complicated than this. Running a full-node is irrelevant if you can’t affect consensus. At best you validate your state and fork. What then? You are dead, in unacceptable state either way. Every blockchain makes tradeoffs on several levels.
Blockchain is ticking forward in the direction of majority / strongest / wealthiest / loudest. Either way, every single protocol has its own spectrum, a degree how much trust the consensus / bridge / miner / validator is relied on.
Someone said Cardano fixes everything!
Cardano can currently run with about 50TPS at the moment if I’m not wrong. This issue was when running a lot more than that. So no Cardano has not fixed this. Cardano is not done yet. Only a week ago people like you were crying “when smart contracts”. They take things slow but very thoroughly. The next stage is hydra which deals with TPS.
Slow is an understatement don’t you think? The word I would use is taking forever maybe because just a bad leader. Meanwhile ether has already evolved and well, almost made Ada obsolete, give it time they will. Then all those uneducated allocations will flow into ETH and BTC.
Interesting take, considering Polkadot has a hard cap on the number of validators and hardly brings any improvements on either latency, scalability, security, or decentralization. Now please stop the cringe and try building a client that won’t get hacked for 160M$.
