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Ethereum, You Are A Centralized Cryptocurrency. Stop Telling Us That You Aren't

Written by @TheLoneroFoundation | Published on 2020/6/16

TL;DR
There are multiple reasons to believe that calling Ethereum decentralized waters down the definition of decentralization. Many people remember when the game CryptoKitties clogged their network in the past, and during that time period transaction processing times were dramatically slow. Another problem that you have is that the development team hasn't set a max supply and it is more prune to hyperinfalation. This gives Vitalik more control than other cryptos give to development teams that have a set max supply. This means the big corporations that people are trying to shift towards decentralization actually have a large amount of control on these forms of alternative tech.

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Written by
@TheLoneroFoundation
Big fan of decentralized software and the pursuit of scientific research.

Topics and
tags
ethereum|blockchain|decentralization|security|privacy|smart-contracts|hackernoon-top-story|blockchain-top-story
This story on HackerNoon has a decentralized backup on Sia.
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