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6 of 12 top coins are officially centralized

I won't get love for this one... but anyway!

Out of the top twelve coins by market cap, six are ran 100% centrally by the founding organizations:

3) Ripple (Ripple company decides who is the validator - the so called UNL)

6) NEO (7 trusted nodes controlled by a single party)

7) Cardano (in the "Bootstrap Era" before target dPoS)

8) Stellar ("One validator node to ensure no ledger forks until the new consensus algorithm is live")

11) IOTA (the "Coordinator")

12) NEM (the NIS is not open source)

submitted by /u/qertoip
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from Cryptocurrency news and discussions. http://ift.tt/2FgnZEF
6 of 12 top coins are officially centralized 6 of 12 top coins are officially centralized Reviewed by paksvideo on March 04, 2018 Rating: 5

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