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Title: "Study" Shows Ethereum is More Decentralized Than Bitcoin Post by: Hydrogen on July 12, 2018, 05:08:22 AM Quote At the Genesis London blockchain conference held in February by Binary District, Cornell professor, cryptocurrency expert, and computer scientist Emin Gün Sirer said in an interview that a study done by prestigious university Cornell has shown the Ethereum blockchain network is currently more decentralized than bitcoin. Ever since the debut of Ethereum in 2015, false information about the technology and the foundation of the Ethereum blockchain network have circulated around cryptocurrency communities, leading some investors, users, and developers to believe the Ethereum network is inferior to other major blockchains in terms of security and decentralization, given its flexibility and ability to handle large-scale decentralized applications. A study done by Cornell professor Sirer and researchers at the institution has shown that less Ethereum nodes are linked to institutions or organizations than bitcoin, which means that more nodes on the Ethereum network are operated by individuals rather than companies. “The data shows that the [Ethereum] nodes are both in the latency space, and also geographically more distributed round the world. Ethereum nodes tend to come from all sorts of places, smaller networks, and homegrown entities, as opposed to Bitcoin nodes, which tend to be located in data centres. Our study found that the majority of Bitcoin nodes, 56%, are in data centres,” said Sirer. Ethereum is structurally and fundamentally different to bitcoin because its network is optimized to handle decentralized applications (dapps). The Ethereum network should be able to process thousands of transactions per second in the long-term to support dapps in the size of Facebook or Twitter, as Coinbase co-founder Fred Ehrsam previously noted. In an interview with South Korea’s biggest mainstream media outlet JoongAng, Ethereum founder Vitalik Buterin emphasized that full scalability of Ethereum could take 3 to 5 years, depending on the implementation process of innovative scaling solutions like Plasma and Sharding. Sharding significantly optimizes the process of mining through the proof-of-work (PoW) consensus algorithm by eliminating competition amongst miners. Instead of miners spending computing power to win individual blocks, miners can cooperate to solve mathematical problems so that computing power is not lost. Plasma is a highly anticipated solution that is currently being developed by the open-source community of Ethereum developers that can allow various blockchains within the Ethereum network to handle different tasks, to reduce the burden on the main Ethereum blockchain. At the conference, Sirer also noted that hardware-based technologies such as Intel SGX can help public blockchains like bitcoin and Ethereum to settle thousands of transactions per second. SGX is existent on all Intel devices such as laptops, and with it, users can send zero-confirmation transactions in a peer-to-peer manner, without straining the main blockchain. Sirer explained: “SGX is a very exciting technology, and there are other trusted computing technologies, not SGX, but by other vendors, that provide similar guarantees. What that gives you is the ability to know what protocol somebody else is following. That is a fundamental leap.” In the long-term Sirer said that a rapidly increasing number of institutions, conglomerates, retailers, and companies in general will shift towards the blockchain, moving away from centralized databases. But, because problems surrounding blockchains are very technical, Sirer echoed the viewpoint of Buterin in saying that it could take many years of development and significant resources to properly commercialize blockchain technology. “Blockchains actually constitute an enormous opportunity to rethink the way we build backend systems. Instead of building things in the old fashioned way, with centralised databases that talk to each other, that need to be reconciled, that need to be kept in sync, we can actually now build much more efficient distributed databases that share information naturally, in a seamless manner,” Sirer added. https://www.ccn.com/genesis-london-conference-study-shows-ethereum-is-more-decentralized-than-bitcoin/ .... I think a case could be made for bitcoin being more decentralized than eth. Power and decision making for btc are split between developers and miners, while all decision making aspects of ethereum are heavily centralized within a power structure consisting of one man: Vitalik Buterin. Sometimes I get a feeling the media pushes an agenda in terms of it redefining topics in a way which convinces the public bitcoin cash and ethereum are the future, while hating unfairly on bitcoin. Is ETH more decentralized than BTC? What do people think about this? Title: Re: "Study" Shows Ethereum is More Decentralized Than Bitcoin Post by: davis196 on July 12, 2018, 05:32:26 AM I actually don`t care about that "more decentralized vs. less decentralized" type of comparison.
What`s the point?If bitcoin is more decentralized than ethereum,does this make btc better? 40% of all ethereum is in the hands of a few crypto whales.ETH can`t be more centralized,so this article is kinda like fake news.Buretin is wrong about his concept of cooperation,miners have to compete against each other,competition is always a good thing. Title: Re: "Study" Shows Ethereum is More Decentralized Than Bitcoin Post by: RockBar0 on July 29, 2018, 09:42:14 AM I actually don`t care about that "more decentralized vs. less decentralized" type of comparison. Agreed with you not to compare between them because their value is different but they are reliable electronic currency of this market. We are not a technical analyst, our job is simply how to make more money to increase profits. Is that what you need to do?What`s the point?If bitcoin is more decentralized than ethereum,does this make btc better? 40% of all ethereum is in the hands of a few crypto whales.ETH can`t be more centralized,so this article is kinda like fake news.Buretin is wrong about his concept of cooperation,miners have to compete against each other,competition is always a good thing. Title: Re: "Study" Shows Ethereum is More Decentralized Than Bitcoin Post by: DashS on July 29, 2018, 09:50:51 AM .... I think a case could be made for bitcoin being more decentralized than eth. Power and decision making for btc are split between developers and miners, while all decision making aspects of ethereum are heavily centralized within a power structure consisting of one man: Vitalik Buterin. Sometimes I get a feeling the media pushes an agenda in terms of it redefining topics in a way which convinces the public bitcoin cash and ethereum are the future, while hating unfairly on bitcoin. Is ETH more decentralized than BTC? What do people think about this? Well, I feel that there are several aspects of decentralization. ETH mining is more decentralized for sure, but maybe development and decision making is more centralized. I think that Ethereum is developing much faster, if some centralization is a con of fast development, it's fine to me. Title: Re: "Study" Shows Ethereum is More Decentralized Than Bitcoin Post by: maculeth on July 29, 2018, 10:01:50 AM it does not affect anything at all. what actually happens is, the whales that have manipulated the price, with the largest holders of btc or eth. so it's not a decentralized bitcoine issue and better than etherum.
Title: Re: "Study" Shows Ethereum is More Decentralized Than Bitcoin Post by: satana_igor666 on July 29, 2018, 10:02:51 AM It's good that there is a competitor to bitcoin. It would be great if these 2 currencies were left in the end.
Title: Re: "Study" Shows Ethereum is More Decentralized Than Bitcoin Post by: charlzyeby on July 29, 2018, 10:09:05 AM When ethereum gain as much recognition as bitcoin it may lose some form of decentralization. Rich people who can afford to buy as much as they want would buy more and they will be able to manipulate prices since they may hold a lot of ETH.
Title: Re: "Study" Shows Ethereum is More Decentralized Than Bitcoin Post by: wuvdoll on July 29, 2018, 01:44:38 PM It can be true, it is really a hard decentralized coin and has a lot of features that works a lot better than bitcoin in total and I do believe ethereum will get a lot bigger than this and even rival bitcoin in the future if this keeps going with the ICO deals and all. However Bitcoin has been around a lot longer and have you seen any 51% attack that killed bitcoin ?
Have you seen any centralized issues that caused bitcoin to collapse ? Even the crooked miners tried to take over bitcoin but failed and created their own worthless bitcoin forks. As Mr. Satoshi is being anonymous, I am understanding all the decisions and regulations within bitcoin environment is being executed through consensus not by a single person's opinion. As long as those consensus are happening transparent and as per majority's will then we never worry on this issue by comparing bitcoin with ethereum. Title: Re: "Study" Shows Ethereum is More Decentralized Than Bitcoin Post by: BTC_BTC on July 29, 2018, 04:14:49 PM When ethereum gain as much recognition as bitcoin it may lose some form of decentralization. Rich people who can afford to buy as much as they want would buy more and they will be able to manipulate prices since they may hold a lot of ETH. beanr once, i strongly agree.the rich will buy as much Ethereum as they can, and one man can manipulate the entire market. Title: Re: "Study" Shows Ethereum is More Decentralized Than Bitcoin Post by: easydrawrex on July 29, 2018, 04:32:10 PM I don't care about this comparison and to all of you, don't just go with the hype. I mean, Bitcoin will always be better than Ethereum in all aspects. And personally, I knew and encountered some problems about Ethereum in the past months so I guess they have to work on that because they might lose their credibility as the next Altcoin to Bitcoin in terms of market cap.
Title: Re: "Study" Shows Ethereum is More Decentralized Than Bitcoin Post by: BrewMaster on July 29, 2018, 04:50:29 PM - it is the mining effect. people are mining ETH with their GPUs so they tend to spend more money on running a heavy node.
- i can not believe that people run ETH full node with more than 1 TB blockchain and not run bitcoin node with a tiny (in comparison) 140 GB blockchain. they may be running other stripped off versions of it which would be like counting people using Electrum towards number of bitcoin nodes. - there are more bitcoin nodes "linked to to institutions or organizations" because there are all kinds of groups involved with bitcoin while only users (speculators and home GPU miners) are involved with ethereum - nodes being on data centers (aka being on cloud services like Amazon for instance) does not mean they are not run by individuals. many people like doing this. it is faster, easier and it doesn't need you to keep your PC running and you will be contributing to the network 24/7 this way. - finally ETH is premined and all the decision making is centralized to Vitalik and his group. they proved it with their roll back which also broke Ether's immutability. Title: Re: "Study" Shows Ethereum is More Decentralized Than Bitcoin Post by: hatshepsut93 on July 29, 2018, 07:18:36 PM This is just some bullshit propaganda, Ethereum has huge centralization problems and instead of fixing them they are just spreading lies. There's a lot of people running Bitcoin full nodes on this forum, but nearly all ETH users are using lightweight clients like MyEtherWallet and Metamask, because even with pruning it takes a lot of time to sync ETH blockchain, and it eats through CPU and RAM like crazy.
If anyone wants to dive into details, I've found a link to this study: https://arxiv.org/abs/1801.03998 Title: Re: "Study" Shows Ethereum is More Decentralized Than Bitcoin Post by: tranduc2101 on July 29, 2018, 07:21:21 PM I think this is just a rumor that is not true because some anti-Bitcoin members fabricated this news. Although ETH is very good and can replace Bitcoin in the future, but no one dares to confirm this will become true.
Title: Re: "Study" Shows Ethereum is More Decentralized Than Bitcoin Post by: Smon on July 29, 2018, 07:23:24 PM I think this is just a rumor that is not true because some anti-Bitcoin members fabricated this news. Although ETH is very good and can replace Bitcoin in the future, but no one dares to confirm this will become true. The purpose of creating ETH is to replace the defects of Bitcoin. I think that ETH can replace Bitcoin in the future because everyone knows that ETH has more positive features than Bitcoin and most prominently is that ETH's transaction speed is much faster than Bitcoin.Title: Re: "Study" Shows Ethereum is More Decentralized Than Bitcoin Post by: jackky on July 29, 2018, 07:25:38 PM I think ETH and Bitcoin are great cryptocurrencies in the world. We should not think that any coin will be better. I am an investor, and I would choose to invest in both of these coins. Possibly in the future ETH and Bitcoin will always exist in the crypto market :)
Title: Re: "Study" Shows Ethereum is More Decentralized Than Bitcoin Post by: dmcx on July 29, 2018, 07:30:59 PM I think this is just a rumor that is not true because some anti-Bitcoin members fabricated this news. Although ETH is very good and can replace Bitcoin in the future, but no one dares to confirm this will become true. The purpose of creating ETH is to replace the defects of Bitcoin. I think that ETH can replace Bitcoin in the future because everyone knows that ETH has more positive features than Bitcoin and most prominently is that ETH's transaction speed is much faster than Bitcoin.Title: Re: "Study" Shows Ethereum is More Decentralized Than Bitcoin Post by: Cult on July 29, 2018, 08:28:07 PM I always take such researches with a grain of salt. 70% of Ehtereum was premined and sold during the ICO and no one knows exactly how much ke investors hold. Yes, there is Gini coefficient which shows the decentralization close to Bitcoin, however that is not a big deal to split funds into hundreds of smaller wallets in order to show decentralization. At the same time, there wasn't a premine of bitcoin so it got distributed more organically.
Title: Re: "Study" Shows Ethereum is More Decentralized Than Bitcoin Post by: Umkar on July 29, 2018, 10:25:40 PM This is generally interesting information, because critics of ethereum have always stated that ethereum is a very centralized crypto currency, especially in comparison with bitcoin. However, these two coins are still the leaders of all the crypto currency, and they must successfully develop and conduct all other types of crypto-currency.
Title: Re: "Study" Shows Ethereum is More Decentralized Than Bitcoin Post by: European Central Bank on July 29, 2018, 10:33:13 PM The purpose of creating ETH is to replace the defects of Bitcoin. I think that ETH can replace Bitcoin in the future because everyone knows that ETH has more positive features than Bitcoin and most prominently is that ETH's transaction speed is much faster than Bitcoin. total rubbish. ethereum and bitcoin have very little in common. they're aiming for very different things. neither will ever replace the other. as for decentralization, i can easily believe ETH mining is way more distributed because of the GPU thing. but while it still has proof of vitalik it's a long way from decentralized governance. there is absolutely zero possibility of the DAO thing ever happening with bitcoin. Title: Re: "Study" Shows Ethereum is More Decentralized Than Bitcoin Post by: BrewMaster on July 30, 2018, 02:06:31 PM The purpose of creating ETH is to replace the defects of Bitcoin. I think that ETH can replace Bitcoin in the future because everyone knows that ETH has more positive features than Bitcoin and most prominently is that ETH's transaction speed is much faster than Bitcoin. a "decentralized" network is only as strong as its users, after all what is a decentralized network but a network run by the users? and when ETH users are like you who don't even know what ETH was created for and compare it with a currency, this network is doomed! Title: Re: "Study" Shows Ethereum is More Decentralized Than Bitcoin Post by: AniviaBtc on July 30, 2018, 02:27:37 PM The purpose of creating ETH is to replace the defects of Bitcoin. I think that ETH can replace Bitcoin in the future because everyone knows that ETH has more positive features than Bitcoin and most prominently is that ETH's transaction speed is much faster than Bitcoin. a "decentralized" network is only as strong as its users, after all what is a decentralized network but a network run by the users? and when ETH users are like you who don't even know what ETH was created for and compare it with a currency, this network is doomed! I would not want to either discredit anyone here, my opinion on the above topic... Given the expert opinion is correct, what it is for the Bitcoin investors to compared the technology on this two coin yet, if we look into the prevailing market status it is par from the market price as posted. No more comparison on the technical issue... Title: Re: "Study" Shows Ethereum is More Decentralized Than Bitcoin Post by: talenah kotang on July 30, 2018, 03:38:33 PM Whether this is important, so far both coins have become the favorite coin in the world of crypto, there is nothing to compare because both coins are equally good when viewed from fans and popularity.
Title: Re: "Study" Shows Ethereum is More Decentralized Than Bitcoin Post by: ricardobs on August 03, 2018, 09:58:34 AM Quote At the Genesis London blockchain conference held in February by Binary District, Cornell professor, cryptocurrency expert, and computer scientist Emin Gün Sirer said in an interview that a study done by prestigious university Cornell has shown the Ethereum blockchain network is currently more decentralized than bitcoin. Ever since the debut of Ethereum in 2015, false information about the technology and the foundation of the Ethereum blockchain network have circulated around cryptocurrency communities, leading some investors, users, and developers to believe the Ethereum network is inferior to other major blockchains in terms of security and decentralization, given its flexibility and ability to handle large-scale decentralized applications. A study done by Cornell professor Sirer and researchers at the institution has shown that less Ethereum nodes are linked to institutions or organizations than bitcoin, which means that more nodes on the Ethereum network are operated by individuals rather than companies. “The data shows that the [Ethereum] nodes are both in the latency space, and also geographically more distributed round the world. Ethereum nodes tend to come from all sorts of places, smaller networks, and homegrown entities, as opposed to Bitcoin nodes, which tend to be located in data centres. Our study found that the majority of Bitcoin nodes, 56%, are in data centres,” said Sirer. Ethereum is structurally and fundamentally different to bitcoin because its network is optimized to handle decentralized applications (dapps). The Ethereum network should be able to process thousands of transactions per second in the long-term to support dapps in the size of Facebook or Twitter, as Coinbase co-founder Fred Ehrsam previously noted. In an interview with South Korea’s biggest mainstream media outlet JoongAng, Ethereum founder Vitalik Buterin emphasized that full scalability of Ethereum could take 3 to 5 years, depending on the implementation process of innovative scaling solutions like Plasma and Sharding. Sharding significantly optimizes the process of mining through the proof-of-work (PoW) consensus algorithm by eliminating competition amongst miners. Instead of miners spending computing power to win individual blocks, miners can cooperate to solve mathematical problems so that computing power is not lost. Plasma is a highly anticipated solution that is currently being developed by the open-source community of Ethereum developers that can allow various blockchains within the Ethereum network to handle different tasks, to reduce the burden on the main Ethereum blockchain. At the conference, Sirer also noted that hardware-based technologies such as Intel SGX can help public blockchains like bitcoin and Ethereum to settle thousands of transactions per second. SGX is existent on all Intel devices such as laptops, and with it, users can send zero-confirmation transactions in a peer-to-peer manner, without straining the main blockchain. Sirer explained: “SGX is a very exciting technology, and there are other trusted computing technologies, not SGX, but by other vendors, that provide similar guarantees. What that gives you is the ability to know what protocol somebody else is following. That is a fundamental leap.” In the long-term Sirer said that a rapidly increasing number of institutions, conglomerates, retailers, and companies in general will shift towards the blockchain, moving away from centralized databases. But, because problems surrounding blockchains are very technical, Sirer echoed the viewpoint of Buterin in saying that it could take many years of development and significant resources to properly commercialize blockchain technology. “Blockchains actually constitute an enormous opportunity to rethink the way we build backend systems. Instead of building things in the old fashioned way, with centralised databases that talk to each other, that need to be reconciled, that need to be kept in sync, we can actually now build much more efficient distributed databases that share information naturally, in a seamless manner,” Sirer added. https://www.ccn.com/genesis-london-conference-study-shows-ethereum-is-more-decentralized-than-bitcoin/ .... I think a case could be made for bitcoin being more decentralized than eth. Power and decision making for btc are split between developers and miners, while all decision making aspects of ethereum are heavily centralized within a power structure consisting of one man: Vitalik Buterin. Sometimes I get a feeling the media pushes an agenda in terms of it redefining topics in a way which convinces the public bitcoin cash and ethereum are the future, while hating unfairly on bitcoin. Is ETH more decentralized than BTC? What do people think about this? Title: Re: "Study" Shows Ethereum is More Decentralized Than Bitcoin Post by: Mihaylovic on September 30, 2018, 08:45:42 AM i dont know exactly. it maybe true. ethereum has several advantages against bitcoin. such as having a larger network size, fee advantages, and transaction speeds. these things are proofs of providing a better blockchain solution comparing with bitcoin.
Title: Re: "Study" Shows Ethereum is More Decentralized Than Bitcoin Post by: kryptqnick on September 30, 2018, 10:26:46 AM I think a case could be made for bitcoin being more decentralized than eth. Power and decision making for btc are split between developers and miners, while all decision making aspects of ethereum are heavily centralized within a power structure consisting of one man: Vitalik Buterin. Sometimes I get a feeling the media pushes an agenda in terms of it redefining topics in a way which convinces the public bitcoin cash and ethereum are the future, while hating unfairly on bitcoin. Is ETH more decentralized than BTC? What do people think about this? Title: Re: "Study" Shows Ethereum is More Decentralized Than Bitcoin Post by: yamete kudasai on September 30, 2018, 02:04:23 PM Nope, Actually ethereum is an altcoin or alternative cryptocurrency and it is the substitute decentralized than bitcoin , Because ethereum sometimes the price of it getting lower or more than of it is than bitcoin that is really a decentralized that can more efficient than ethereum.
Title: Re: "Study" Shows Ethereum is More Decentralized Than Bitcoin Post by: kaya11 on September 30, 2018, 04:53:08 PM If Ethereum is solely link only to one person then It should not be decentralized. Vitalik is the founder but never holds the ethereum's popularity all for himself just like satoshi for bitcoin. I guess people think for now are on which coin is the fastest and cheapest to use in terms of using it in transactions. I am comfortable using ethereum, which is less cheaper and faster way to send my money from outside the country. But if I will choose which to hold then I would choose BTC, I am at ease unlike any other crypto.
Title: Re: "Study" Shows Ethereum is More Decentralized Than Bitcoin Post by: pixie85 on September 30, 2018, 06:08:01 PM Nope, Actually ethereum is an altcoin or alternative cryptocurrency and it is the substitute decentralized than bitcoin , Because ethereum sometimes the price of it getting lower or more than of it is than bitcoin that is really a decentralized that can more efficient than ethereum. An altcoin can be more or less decentralized than Bitcoin. It doesn't matter that it's not the first and the most popular cryptocurrency. I don't know how you came up with that. Also, altcoins arent substitutes of Bitcoin. They are alternatives which means different variants. Title: Re: "Study" Shows Ethereum is More Decentralized Than Bitcoin Post by: AnonBitCoiner on September 30, 2018, 06:21:48 PM Bitcoin is more decentralised cryptocurrency then Ethereum.Ethereum is the centralised cryptocurrency,most of the people in this forum know this. And Ethereum price is some time controlled by the whales.I think nearly 40% of Ethereum is hold by the whales.So they can easily manipulate the Ethereum price .
Title: Re: "Study" Shows Ethereum is More Decentralized Than Bitcoin Post by: rockyfeller on September 30, 2018, 07:45:06 PM No. Bitcoin is more decentralized than bitcoin.
Ethereum has their own founder and have foundation while bitcoin developers are truly anonymous. Transaction could be seen on the blockchain but you don't know where it came from. but ethereum can track coins and some of their ERC20 token requires KYC. So for me bitcoin is more decentralized than Ethereum. Title: Re: "Study" Shows Ethereum is More Decentralized Than Bitcoin Post by: prtty2gal2 on October 01, 2018, 04:59:42 AM I think they are both decentralized enough, there is no way to understand which one is more decentralized unless someone takes control of it.
The miners who have consisted of biggest mining part of bitcoin tried to create a new path for bitcoin that would benefit the miners yet they failed because you need everyone to accept and agree with your moves yet people weren't for them. However when segwit came out people collectively agreed on that and followed pursuit and it was accepted on blockchain. You can still use segwitless exchanges or exchanges with segwith, thats what decentralized means, having your own option to do whatever you want. Title: Re: "Study" Shows Ethereum is More Decentralized Than Bitcoin Post by: Crypto Girl on October 01, 2018, 08:13:36 AM Transaction could be seen on the blockchain but you don't know where it came from. but ethereum can track coins and some of their ERC20 token requires KYC. So for me bitcoin is more decentralized than Ethereum. Seriously? I would suggest to look closely in the blockchain and see it for yourself because you're misleading a fact. And with the kyc thingy, it just require when you participated in ICO or a requirement in withdrawal in some exchange sites but the erc20 token itself doesn't need any.Title: Re: "Study" Shows Ethereum is More Decentralized Than Bitcoin Post by: usorin on October 01, 2018, 08:22:15 AM Quote At the Genesis London blockchain conference held in February by Binary District, Cornell professor, cryptocurrency expert, and computer scientist Emin Gün Sirer said in an interview that a study done by prestigious university Cornell has shown the Ethereum blockchain network is currently more decentralized than bitcoin. Ever since the debut of Ethereum in 2015, false information about the technology and the foundation of the Ethereum blockchain network have circulated around cryptocurrency communities, leading some investors, users, and developers to believe the Ethereum network is inferior to other major blockchains in terms of security and decentralization, given its flexibility and ability to handle large-scale decentralized applications. A study done by Cornell professor Sirer and researchers at the institution has shown that less Ethereum nodes are linked to institutions or organizations than bitcoin, which means that more nodes on the Ethereum network are operated by individuals rather than companies. “The data shows that the [Ethereum] nodes are both in the latency space, and also geographically more distributed round the world. Ethereum nodes tend to come from all sorts of places, smaller networks, and homegrown entities, as opposed to Bitcoin nodes, which tend to be located in data centres. Our study found that the majority of Bitcoin nodes, 56%, are in data centres,” said Sirer. Ethereum is structurally and fundamentally different to bitcoin because its network is optimized to handle decentralized applications (dapps). The Ethereum network should be able to process thousands of transactions per second in the long-term to support dapps in the size of Facebook or Twitter, as Coinbase co-founder Fred Ehrsam previously noted. In an interview with South Korea’s biggest mainstream media outlet JoongAng, Ethereum founder Vitalik Buterin emphasized that full scalability of Ethereum could take 3 to 5 years, depending on the implementation process of innovative scaling solutions like Plasma and Sharding. Sharding significantly optimizes the process of mining through the proof-of-work (PoW) consensus algorithm by eliminating competition amongst miners. Instead of miners spending computing power to win individual blocks, miners can cooperate to solve mathematical problems so that computing power is not lost. Plasma is a highly anticipated solution that is currently being developed by the open-source community of Ethereum developers that can allow various blockchains within the Ethereum network to handle different tasks, to reduce the burden on the main Ethereum blockchain. At the conference, Sirer also noted that hardware-based technologies such as Intel SGX can help public blockchains like bitcoin and Ethereum to settle thousands of transactions per second. SGX is existent on all Intel devices such as laptops, and with it, users can send zero-confirmation transactions in a peer-to-peer manner, without straining the main blockchain. Sirer explained: “SGX is a very exciting technology, and there are other trusted computing technologies, not SGX, but by other vendors, that provide similar guarantees. What that gives you is the ability to know what protocol somebody else is following. That is a fundamental leap.” In the long-term Sirer said that a rapidly increasing number of institutions, conglomerates, retailers, and companies in general will shift towards the blockchain, moving away from centralized databases. But, because problems surrounding blockchains are very technical, Sirer echoed the viewpoint of Buterin in saying that it could take many years of development and significant resources to properly commercialize blockchain technology. “Blockchains actually constitute an enormous opportunity to rethink the way we build backend systems. Instead of building things in the old fashioned way, with centralised databases that talk to each other, that need to be reconciled, that need to be kept in sync, we can actually now build much more efficient distributed databases that share information naturally, in a seamless manner,” Sirer added. https://www.ccn.com/genesis-london-conference-study-shows-ethereum-is-more-decentralized-than-bitcoin/ .... I think a case could be made for bitcoin being more decentralized than eth. Power and decision making for btc are split between developers and miners, while all decision making aspects of ethereum are heavily centralized within a power structure consisting of one man: Vitalik Buterin. Sometimes I get a feeling the media pushes an agenda in terms of it redefining topics in a way which convinces the public bitcoin cash and ethereum are the future, while hating unfairly on bitcoin. Is ETH more decentralized than BTC? What do people think about this? Title: Re: "Study" Shows Ethereum is More Decentralized Than Bitcoin Post by: erikoy on October 01, 2018, 08:38:02 AM So what does decentralized really mean? If we are going to base on google dictionary decentralize is a move departments of (a large organization) away from a single administrative center to other locations, usually granting them some degree of autonomy. This means that a digital currency has its own autonomy and its own rules and policy specifically in the market price movement. Both ethereum and bitcoin are decentralize but I could not agree that only ethereum is more decentralized than bitcoin. Reminders that bitcoin has larger and wider scope of its investors around the world and you can observe that by seeing its current market price and its marketcap volume. So relatively bitcoin has higher decentralized system than ethereum.
Title: Re: "Study" Shows Ethereum is More Decentralized Than Bitcoin Post by: jademaxsuy on October 01, 2018, 08:49:48 AM I agree with this because ethereum platform is always being used in those ICO projects which are coming from different countries around the world. So definitely ethereum is more decentralized than bitcoin since it has a lot of trading pairs compared to bitcoin.
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