|
|
|
|
|
by CryptoPunk
2982 days ago
|
|
NEO will not be fully decentralized. First of all, it is transitioning to Delegated Proof of Stake, which by design relies on a set of trusted third parties to establish consensus. For reference, the entire purpose of the original Bitcoin blockchain design was to obviate the need to rely on trusted third parties. Second, its implementation of DPOS will have a centralized gatekeeper which approves who can run for the position of delegate, after verifying their identity and that they are a legal entity. |
|