Title: A more decentralized blockchain technology than Bitcoin Post by: yingyush55 on March 31, 2023, 01:05:57 AM Bitcoin was originally designed to allow everyone to participate in mining, but now ordinary people in Bitcoin cannot participate in mining. The computational power is concentrated in several large mines.
Both Bitcoin and Ethereum can theoretically be centralized through huge amounts of money. Can a new blockchain technology be designed to optimize Bitcoin blockchain technology from the bottom. First of all, this blockchain technology must be that one person can only own one node. Otherwise, if a person like Ethereum has enough funds, it means generating enough nodes. That's how to go to the center. Bitcoin also means that a person can use huge funds to generate huge computing power, and that's how to go to the center. The blockchain technology that I will design next is truly decentralized. First, copy the underlying code of Bitcoin Through face recognition technology, each person can only generate one node, a private key, and a public key. By setting an upper limit on the computing power of each miner, it is possible to mine on a mobile phone without consuming too much computing power. If we are interested, we can design such blockchain technology to run on mobile phones together. Title: Re: A more decentralized blockchain technology than Bitcoin Post by: IShishkin on March 31, 2023, 01:53:41 AM Blockchain networks for CBDC with a face recognition feature is going to be a new trend. I guess tomorrow, on April 1, there will be many announcements on this matter. ;D
Title: Re: A more decentralized blockchain technology than Bitcoin Post by: lassdas on March 31, 2023, 02:03:30 AM And what makes you think that face (or iris, or fingerprint,...) recognition technology cannot be fooled?
Blockchain networks for CBDC ... Why would CBDCs need a blockchain anyway?Title: Re: A more decentralized blockchain technology than Bitcoin Post by: thecodebear on March 31, 2023, 02:12:26 AM Yes of course as you say it can be done through identities. But then you have something very different than Satoshi's idea. You have a system where every single person on the network must be identified. Of course a system can be designed that puts limits based on identity (distribute mining rewards evenly, only allow one address per person), but then you have no privacy. Also this relies on the idea that no one can spoof someone's identity through whatever identity recognition system is used.
The reason Satoshi used PoW is because you can't spoof processing power. And of course he wanted to avoid the hassles and issues involved with identities. Title: Re: A more decentralized blockchain technology than Bitcoin Post by: yingyush55 on March 31, 2023, 02:20:57 AM And what makes you think that face (or iris, or fingerprint,...) recognition technology cannot be fooled? Perhaps the Worldcoin project has verified the feasibility of matching unique nodes for face recognition, but its tokens are concentrated in the hands of developers and investors, which is unfair to ordinary people. In addition, he does not have a mining mechanism like Bitcoin, and may also be a token for making money rather than doing a good job in blockchainBlockchain networks for CBDC ... Why would CBDCs need a blockchain anyway?Title: Re: A more decentralized blockchain technology than Bitcoin Post by: yingyush55 on March 31, 2023, 02:27:11 AM Yes of course as you say it can be done through identities. But then you have something very different than Satoshi's idea. You have a system where every single person on the network must be identified. Of course a system can be designed that puts limits based on identity (distribute mining rewards evenly, only allow one address per person), but then you have no privacy. Also this relies on the idea that no one can spoof someone's identity through whatever identity recognition system is used. Regarding face recognition, there is no privacy for the unique node. This may be another development direction of blockchain, which can prevent legal elements from using token transactions. The most important thing is that everyone can use mobile phones to mine, so that blockchain data can be distributed on everyone's mobile phones. Is it safer and more accessible for ordinary people to participateThe reason Satoshi used PoW is because you can't spoof processing power. And of course he wanted to avoid the hassles and issues involved with identities. Title: Re: A more decentralized blockchain technology than Bitcoin Post by: odolvlobo on March 31, 2023, 02:43:42 AM Through face recognition technology, each person can only generate one node, a private key, and a public key.
Title: Re: A more decentralized blockchain technology than Bitcoin Post by: sha420hashcollision on March 31, 2023, 02:44:55 AM Through face recognition technology, each person can only generate one node, a private key, and a public key. By setting an upper limit on the computing power of each miner, it is possible to mine on a mobile phone without consuming too much computing power. If we are interested, we can design such blockchain technology to run on mobile phones together. I can find your face by just looking up your social media account, mean while can you discover the scalar that leads to these coordinates when multiplied by the secp256k1 curve Generator? : x: 83260022149314607220299798889850163602723925708954433956645823190147746092229 y: 32501403673747823353314855720543420818188361784787882868346931239726724853713 If not I believe bitcoin is much more sound than your facial recognition scheme, do you want someone trying to cut your face off to access your funds? Is that better than protecting against data breaches really? Title: Re: A more decentralized blockchain technology than Bitcoin Post by: yingyush55 on March 31, 2023, 05:39:22 AM Through face recognition technology, each person can only generate one node, a private key, and a public key.
Through face recognition technology, each person can only generate one node, a private key, and a public key. By setting an upper limit on the computing power of each miner, it is possible to mine on a mobile phone without consuming too much computing power. If we are interested, we can design such blockchain technology to run on mobile phones together. I can find your face by just looking up your social media account, mean while can you discover the scalar that leads to these coordinates when multiplied by the secp256k1 curve Generator? : x: 83260022149314607220299798889850163602723925708954433956645823190147746092229 y: 32501403673747823353314855720543420818188361784787882868346931239726724853713 If not I believe bitcoin is much more sound than your facial recognition scheme, do you want someone trying to cut your face off to access your funds? Is that better than protecting against data breaches really? [moderator's note: consecutive posts merged] Title: Re: A more decentralized blockchain technology than Bitcoin Post by: sha420hashcollision on March 31, 2023, 06:31:39 AM That is not true, for instance if your apple face id data was leaked you would never be able to use your face for security again as the same exact data could be used to break the following lock.
Through face recognition technology, each person can only generate one node, a private key, and a public key. By setting an upper limit on the computing power of each miner, it is possible to mine on a mobile phone without consuming too much computing power. If we are interested, we can design such blockchain technology to run on mobile phones together. I can find your face by just looking up your social media account, mean while can you discover the scalar that leads to these coordinates when multiplied by the secp256k1 curve Generator? : x: 83260022149314607220299798889850163602723925708954433956645823190147746092229 y: 32501403673747823353314855720543420818188361784787882868346931239726724853713 If not I believe bitcoin is much more sound than your facial recognition scheme, do you want someone trying to cut your face off to access your funds? Is that better than protecting against data breaches really? Not to mention that a government authority would then have the REASON to strap you down to a chair, peel your eyes open, and make you stand still while they scan your face to extract blockchain data. This is a terrifying idea. [moderator's note: consecutive posts merged] Title: Re: A more decentralized blockchain technology than Bitcoin Post by: odolvlobo on March 31, 2023, 07:01:17 AM Through face recognition technology, each person can only generate one node, a private key, and a public key.
Your idea boils down to using biometric information to generate a private key. This idea has been discussed here before: https://bitcointalk.org/index.php?topic=1016478.0 https://bitcointalk.org/index.php?topic=5175072.0 https://bitcointalk.org/index.php?topic=5432496.0 Title: Re: A more decentralized blockchain technology than Bitcoin Post by: yingyush55 on March 31, 2023, 07:38:57 AM Through face recognition technology, each person can only generate one node, a private key, and a public key.
Your idea boils down to using biometric information to generate a private key. This idea has been discussed here before: This is just a part. The most important thing is to set the upper limit of computing power for each node, so that mining on the mobile phone does not take up too much computing power https://bitcointalk.org/index.php?topic=1016478.0 https://bitcointalk.org/index.php?topic=5175072.0 https://bitcointalk.org/index.php?topic=5432496.0 Through face recognition technology, each person can only generate one node, a private key, and a public key. By setting an upper limit on the computing power of each miner, it is possible to mine on a mobile phone without consuming too much computing power. If we are interested, we can design such blockchain technology to run on mobile phones together. I can find your face by just looking up your social media account, mean while can you discover the scalar that leads to these coordinates when multiplied by the secp256k1 curve Generator? : x: 83260022149314607220299798889850163602723925708954433956645823190147746092229 y: 32501403673747823353314855720543420818188361784787882868346931239726724853713 If not I believe bitcoin is much more sound than your facial recognition scheme, do you want someone trying to cut your face off to access your funds? Is that better than protecting against data breaches really? Not to mention that a government authority would then have the REASON to strap you down to a chair, peel your eyes open, and make you stand still while they scan your face to extract blockchain data. This is a terrifying idea. [moderator's note: consecutive posts merged] Title: Re: A more decentralized blockchain technology than Bitcoin Post by: BlackHatCoiner on March 31, 2023, 08:38:50 AM By setting an upper limit on the computing power of each miner, it is possible to mine on a mobile phone without consuming too much computing power. Sounds terrible. First of all, why would you want to intervene in miners' belongings? What's the problem with one individual owning more than 100 others do? Secondly, why do you find this more decentralized? To forbid someone from using multiple faces, KYC must be implemented; and even that way, you can't be sure the mechanism won't be violated. Thirdly, how will the minting work?Yet, another well intended idea which would have opposite results. Title: Re: A more decentralized blockchain technology than Bitcoin Post by: yingyush55 on March 31, 2023, 12:41:36 PM By setting an upper limit on the computing power of each miner, it is possible to mine on a mobile phone without consuming too much computing power. Sounds terrible. First of all, why would you want to intervene in miners' belongings? What's the problem with one individual owning more than 100 others do? Secondly, why do you find this more decentralized? To forbid someone from using multiple faces, KYC must be implemented; and even that way, you can't be sure the mechanism won't be violated. Thirdly, how will the minting work?Yet, another well intended idea which would have opposite results. Title: Re: A more decentralized blockchain technology than Bitcoin Post by: yingyush55 on March 31, 2023, 03:32:48 PM Ethereum is a decentralized blockchain platform that allows developers to create and deploy decentralized applications (dApps). Ethereum uses a consensus algorithm called Proof of Stake (POS), which is designed to be more energy- efficient and decentralized than Bitcoin's Proof of Work (PoW) algorithm. Is ETH really decentralized? Can you think about it carefully and see if he changed the underlying code from pow to pos after all the nodes voted for it? Will these miners agree to convert to pos? Their development team can change the underlying code themselves, and this power is concentrated in a few handsTitle: Re: A more decentralized blockchain technology than Bitcoin Post by: sha420hashcollision on March 31, 2023, 04:00:03 PM Through face recognition technology, each person can only generate one node, a private key, and a public key. By setting an upper limit on the computing power of each miner, it is possible to mine on a mobile phone without consuming too much computing power. If we are interested, we can design such blockchain technology to run on mobile phones together. I can find your face by just looking up your social media account, mean while can you discover the scalar that leads to these coordinates when multiplied by the secp256k1 curve Generator? : x: 83260022149314607220299798889850163602723925708954433956645823190147746092229 y: 32501403673747823353314855720543420818188361784787882868346931239726724853713 If not I believe bitcoin is much more sound than your facial recognition scheme, do you want someone trying to cut your face off to access your funds? Is that better than protecting against data breaches really? Not to mention that a government authority would then have the REASON to strap you down to a chair, peel your eyes open, and make you stand still while they scan your face to extract blockchain data. This is a terrifying idea. You are now just being delusional, if the government does that very thing to you they WOULD be able to access all your blockchain secrets immediately (assuming people actually used your insane face id chain) it would be trivial as THEY NOW HAVE COMPLETE ACCESS TO YOUR ENTIRE REAL FACE AND HEAD. As for how is this a bigger security risk than a bank? It is just as insecure as a bank, BITCOIN is way more secure than this scheme because private keys can be stored OFF OF YOUR BODY. Title: Re: A more decentralized blockchain technology than Bitcoin Post by: yingyush55 on March 31, 2023, 04:42:52 PM Through face recognition technology, each person can only generate one node, a private key, and a public key. By setting an upper limit on the computing power of each miner, it is possible to mine on a mobile phone without consuming too much computing power. If we are interested, we can design such blockchain technology to run on mobile phones together. I can find your face by just looking up your social media account, mean while can you discover the scalar that leads to these coordinates when multiplied by the secp256k1 curve Generator? : x: 83260022149314607220299798889850163602723925708954433956645823190147746092229 y: 32501403673747823353314855720543420818188361784787882868346931239726724853713 If not I believe bitcoin is much more sound than your facial recognition scheme, do you want someone trying to cut your face off to access your funds? Is that better than protecting against data breaches really? Not to mention that a government authority would then have the REASON to strap you down to a chair, peel your eyes open, and make you stand still while they scan your face to extract blockchain data. This is a terrifying idea. You are now just being delusional, if the government does that very thing to you they WOULD be able to access all your blockchain secrets immediately (assuming people actually used your insane face id chain) it would be trivial as THEY NOW HAVE COMPLETE ACCESS TO YOUR ENTIRE REAL FACE AND HEAD. As for how is this a bigger security risk than a bank? It is just as insecure as a bank, BITCOIN is way more secure than this scheme because private keys can be stored OFF OF YOUR BODY. Title: Re: A more decentralized blockchain technology than Bitcoin Post by: BlackHatCoiner on March 31, 2023, 06:34:55 PM First of all, if I don't interfere with the miners' computing power, it will become more and more concentrated in the hands of wealthy people like Bitcoin But this is decentralization. The absence of a central point which intervenes in the market to keep what it considers as balance. What you propose might sound as a good idea in your head (I strongly disagree), but it's by definition in favor of centralization, which contradicts with the title.A person who owns 100 other people's facial codes is stealing other people's information. If it is approved by others, why not? Because then a facial code market will be created, and what you're trying to prevent will inevitably happen; that is, to mitigate from an oligarchy of minters. Title: Re: A more decentralized blockchain technology than Bitcoin Post by: sha420hashcollision on March 31, 2023, 09:30:19 PM Through face recognition technology, each person can only generate one node, a private key, and a public key. By setting an upper limit on the computing power of each miner, it is possible to mine on a mobile phone without consuming too much computing power. If we are interested, we can design such blockchain technology to run on mobile phones together. I can find your face by just looking up your social media account, mean while can you discover the scalar that leads to these coordinates when multiplied by the secp256k1 curve Generator? : x: 83260022149314607220299798889850163602723925708954433956645823190147746092229 y: 32501403673747823353314855720543420818188361784787882868346931239726724853713 If not I believe bitcoin is much more sound than your facial recognition scheme, do you want someone trying to cut your face off to access your funds? Is that better than protecting against data breaches really? Not to mention that a government authority would then have the REASON to strap you down to a chair, peel your eyes open, and make you stand still while they scan your face to extract blockchain data. This is a terrifying idea. You are now just being delusional, if the government does that very thing to you they WOULD be able to access all your blockchain secrets immediately (assuming people actually used your insane face id chain) it would be trivial as THEY NOW HAVE COMPLETE ACCESS TO YOUR ENTIRE REAL FACE AND HEAD. As for how is this a bigger security risk than a bank? It is just as insecure as a bank, BITCOIN is way more secure than this scheme because private keys can be stored OFF OF YOUR BODY. I dont believe you or anyone truly remembers their private key if its any good, the real security of a private key comes from the discrete log problem and opting in to remembering it is your way of attaching a biological security vulnerability to it. There is nothing in bitcoin core that forces you to memorize your private key, its 100% optional. Title: Re: A more decentralized blockchain technology than Bitcoin Post by: thecodebear on March 31, 2023, 10:24:24 PM Yes of course as you say it can be done through identities. But then you have something very different than Satoshi's idea. You have a system where every single person on the network must be identified. Of course a system can be designed that puts limits based on identity (distribute mining rewards evenly, only allow one address per person), but then you have no privacy. Also this relies on the idea that no one can spoof someone's identity through whatever identity recognition system is used. Regarding face recognition, there is no privacy for the unique node. This may be another development direction of blockchain, which can prevent legal elements from using token transactions. The most important thing is that everyone can use mobile phones to mine, so that blockchain data can be distributed on everyone's mobile phones. Is it safer and more accessible for ordinary people to participateThe reason Satoshi used PoW is because you can't spoof processing power. And of course he wanted to avoid the hassles and issues involved with identities. If you destroy the whole concept just to make it more accessible you haven't done anything good. Sure you can do one-id-one-vote mining but in order to do that you are going to have to rely on trusted third parties, and then you no longer have decentralization. Facial recognition wouldn't work well because you'd have people stealing other people's faces and generating fake faces and whatnot. Also at this point you wouldn't be "mining". There would be no point in PoW mining if this is your setup because the idea you've set forth is to make the minting process available to anyone so you're not using competition for resources any more. You're using a identification system, where it is decentralized and secured through IDs. So in your setup there is no mining, there's just running your ID node from your phone and you are participating in the transaction verification network. Anyway, since the essence of your system is based on identification what you really need is to involve trusted third parties that can verify IDs. There must be a whole legal apparatus put in place in case someone steals someone else's ID on the network. At which point instead of creating a more decentralized Bitcoin you've created a centralized trust-required crypto-banking industry with universal basic income. That's a very different thing. Title: Re: A more decentralized blockchain technology than Bitcoin Post by: yingyush55 on April 01, 2023, 12:08:31 AM Yes of course as you say it can be done through identities. But then you have something very different than Satoshi's idea. You have a system where every single person on the network must be identified. Of course a system can be designed that puts limits based on identity (distribute mining rewards evenly, only allow one address per person), but then you have no privacy. Also this relies on the idea that no one can spoof someone's identity through whatever identity recognition system is used. Regarding face recognition, there is no privacy for the unique node. This may be another development direction of blockchain, which can prevent legal elements from using token transactions. The most important thing is that everyone can use mobile phones to mine, so that blockchain data can be distributed on everyone's mobile phones. Is it safer and more accessible for ordinary people to participateThe reason Satoshi used PoW is because you can't spoof processing power. And of course he wanted to avoid the hassles and issues involved with identities. If you destroy the whole concept just to make it more accessible you haven't done anything good. Sure you can do one-id-one-vote mining but in order to do that you are going to have to rely on trusted third parties, and then you no longer have decentralization. Facial recognition wouldn't work well because you'd have people stealing other people's faces and generating fake faces and whatnot. Also at this point you wouldn't be "mining". There would be no point in PoW mining if this is your setup because the idea you've set forth is to make the minting process available to anyone so you're not using competition for resources any more. You're using a identification system, where it is decentralized and secured through IDs. So in your setup there is no mining, there's just running your ID node from your phone and you are participating in the transaction verification network. Anyway, since the essence of your system is based on identification what you really need is to involve trusted third parties that can verify IDs. There must be a whole legal apparatus put in place in case someone steals someone else's ID on the network. At which point instead of creating a more decentralized Bitcoin you've created a centralized trust-required crypto-banking industry with universal basic income. That's a very different thing. "I just want a person to have only one node, and face recognition is the most feasible method I can think of currently.". Why must a person have only one node? Because if it weren't for this, the power of the node would be concentrated in the hands of wealthy people, like Bitcoin and Ethereum today. Title: Re: A more decentralized blockchain technology than Bitcoin Post by: yingyush55 on April 01, 2023, 12:31:32 AM Through face recognition technology, each person can only generate one node, a private key, and a public key. By setting an upper limit on the computing power of each miner, it is possible to mine on a mobile phone without consuming too much computing power. If we are interested, we can design such blockchain technology to run on mobile phones together. I can find your face by just looking up your social media account, mean while can you discover the scalar that leads to these coordinates when multiplied by the secp256k1 curve Generator? : x: 83260022149314607220299798889850163602723925708954433956645823190147746092229 y: 32501403673747823353314855720543420818188361784787882868346931239726724853713 If not I believe bitcoin is much more sound than your facial recognition scheme, do you want someone trying to cut your face off to access your funds? Is that better than protecting against data breaches really? Not to mention that a government authority would then have the REASON to strap you down to a chair, peel your eyes open, and make you stand still while they scan your face to extract blockchain data. This is a terrifying idea. You are now just being delusional, if the government does that very thing to you they WOULD be able to access all your blockchain secrets immediately (assuming people actually used your insane face id chain) it would be trivial as THEY NOW HAVE COMPLETE ACCESS TO YOUR ENTIRE REAL FACE AND HEAD. As for how is this a bigger security risk than a bank? It is just as insecure as a bank, BITCOIN is way more secure than this scheme because private keys can be stored OFF OF YOUR BODY. I dont believe you or anyone truly remembers their private key if its any good, the real security of a private key comes from the discrete log problem and opting in to remembering it is your way of attaching a biological security vulnerability to it. There is nothing in bitcoin core that forces you to memorize your private key, its 100% optional. Title: Re: A more decentralized blockchain technology than Bitcoin Post by: sha420hashcollision on April 01, 2023, 03:29:25 AM Quote Although I cannot remember the number of the private key, I can remember the specific location where the private key password is stored Which is not on your body. Most people dont need to memorize their private key so they dont. It is much easier to hide information. Title: Re: A more decentralized blockchain technology than Bitcoin Post by: thecodebear on April 01, 2023, 03:27:20 PM Yes of course as you say it can be done through identities. But then you have something very different than Satoshi's idea. You have a system where every single person on the network must be identified. Of course a system can be designed that puts limits based on identity (distribute mining rewards evenly, only allow one address per person), but then you have no privacy. Also this relies on the idea that no one can spoof someone's identity through whatever identity recognition system is used. Regarding face recognition, there is no privacy for the unique node. This may be another development direction of blockchain, which can prevent legal elements from using token transactions. The most important thing is that everyone can use mobile phones to mine, so that blockchain data can be distributed on everyone's mobile phones. Is it safer and more accessible for ordinary people to participateThe reason Satoshi used PoW is because you can't spoof processing power. And of course he wanted to avoid the hassles and issues involved with identities. If you destroy the whole concept just to make it more accessible you haven't done anything good. Sure you can do one-id-one-vote mining but in order to do that you are going to have to rely on trusted third parties, and then you no longer have decentralization. Facial recognition wouldn't work well because you'd have people stealing other people's faces and generating fake faces and whatnot. Also at this point you wouldn't be "mining". There would be no point in PoW mining if this is your setup because the idea you've set forth is to make the minting process available to anyone so you're not using competition for resources any more. You're using a identification system, where it is decentralized and secured through IDs. So in your setup there is no mining, there's just running your ID node from your phone and you are participating in the transaction verification network. Anyway, since the essence of your system is based on identification what you really need is to involve trusted third parties that can verify IDs. There must be a whole legal apparatus put in place in case someone steals someone else's ID on the network. At which point instead of creating a more decentralized Bitcoin you've created a centralized trust-required crypto-banking industry with universal basic income. That's a very different thing. "I just want a person to have only one node, and face recognition is the most feasible method I can think of currently.". Why must a person have only one node? Because if it weren't for this, the power of the node would be concentrated in the hands of wealthy people, like Bitcoin and Ethereum today. you didn't address the issues with your idea. you just restated your idea. Title: Re: A more decentralized blockchain technology than Bitcoin Post by: yingyush55 on April 02, 2023, 02:43:47 PM Bitcoin was originally designed to allow everyone to participate in mining, but now ordinary people in Bitcoin cannot participate in mining. The computational power is concentrated in several large mines. By the way I don't know it's answer properly but I will say that currently Polygon Chain and also Ethereum Layer 2 projects could offer more defi solution and also lower transactions with less fee and faster transactions and that could lead to the adoption of more and more decentralized solutions and also a lot of Defi applications to run on these blockchains. So In future we might see full decentralized finance Blockchain that could revolutionize Bitcoin and also crypto. Both Bitcoin and Ethereum can theoretically be centralized through huge amounts of money. Can a new blockchain technology be designed to optimize Bitcoin blockchain technology from the bottom. First of all, this blockchain technology must be that one person can only own one node. Otherwise, if a person like Ethereum has enough funds, it means generating enough nodes. That's how to go to the center. Bitcoin also means that a person can use huge funds to generate huge computing power, and that's how to go to the center. The blockchain technology that I will design next is truly decentralized. First, copy the underlying code of Bitcoin Through face recognition technology, each person can only generate one node, a private key, and a public key. By setting an upper limit on the computing power of each miner, it is possible to mine on a mobile phone without consuming too much computing power. If we are interested, we can design such blockchain technology to run on mobile phones together. Title: Re: A more decentralized blockchain technology than Bitcoin Post by: sha420hashcollision on April 02, 2023, 09:25:26 PM Bitcoin was originally designed to allow everyone to participate in mining, but now ordinary people in Bitcoin cannot participate in mining. The computational power is concentrated in several large mines. By the way I don't know it's answer properly but I will say that currently Polygon Chain and also Ethereum Layer 2 projects could offer more defi solution and also lower transactions with less fee and faster transactions and that could lead to the adoption of more and more decentralized solutions and also a lot of Defi applications to run on these blockchains. So In future we might see full decentralized finance Blockchain that could revolutionize Bitcoin and also crypto. Both Bitcoin and Ethereum can theoretically be centralized through huge amounts of money. Can a new blockchain technology be designed to optimize Bitcoin blockchain technology from the bottom. First of all, this blockchain technology must be that one person can only own one node. Otherwise, if a person like Ethereum has enough funds, it means generating enough nodes. That's how to go to the center. Bitcoin also means that a person can use huge funds to generate huge computing power, and that's how to go to the center. The blockchain technology that I will design next is truly decentralized. First, copy the underlying code of Bitcoin Through face recognition technology, each person can only generate one node, a private key, and a public key. By setting an upper limit on the computing power of each miner, it is possible to mine on a mobile phone without consuming too much computing power. If we are interested, we can design such blockchain technology to run on mobile phones together. There is nothing decentralized about Polygon or Ethereum |