Spectrum of Decentralization: The Gradients of Crypto

This episode we discuss several consensus models, a bit of how they work, but more importantly how consensus models contribute to a projects decentralization and why that matters. Proof of work, and proof of stake are two primary examples of consensus models, but each have tradeoffs. Nodes can be organized in 3 ways, centralized, distributed, and decentralized. There are some negative effects to distributed networks. Upgrading the network can be a challenge, because there is no way to enforce all nodes upgrade to the latest version. Governance of the network is also challenge, that different projects are working to solve. Although centralized services can become an attack vector for hackers, they tend to be faster due to their network architecture. We touch on the power consumption of Bitcoin, and how that power is traded for the security of the network, then jump into proof of stake and how it secures the network from double spend using a different process. Links Mentioned during the show: Decentralized Graph - bit torrent article - break rules - Arjun Article -

You can listen to Spectrum of Decentralization: The Gradients of Crypto online on Radio and Podcast. Open the player on this page to stream the available audio.

Spectrum of Decentralization: The Gradients of Crypto is an episode from Two Confirmations | Crypto Over Coffee by Block Brothers.

This episode is 00:39:57 long.

This episode was published on Feb 18, 2019.

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