In fact, even LEO itself is pretty centralized because witnesses do not confirm our tokenomics or transfers.
Didn't Hive-Engine started their own decentralized node system, that incentivize server owners with BEE inflation? I thought that would handle LEO as well. Of course, the tokenomics are still done via a centralized entity via the LEO and ultimately the Hive-Engine team. At least that is how I assumed this would be the system now.
At the peak of the mega-bubble, transaction costs on BTC/ETH could skyrocket to as high as $1000.
LOL. That could turn very much in our favor!
Yeah I guess they did!
Good catch.
Everything is on chain as well so technically it could be confirmed by third parties the entire time.
Good point. How does exactly leo remain flexible with its tokenomics? Do they need the approval of most hive-engine witnesses in order to make a change?