We're efficient and we have done 19 hardforks with no side chains.
But that's because we are centralised, isn't it?
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We're efficient and we have done 19 hardforks with no side chains.
But that's because we are centralised, isn't it?
No, that's more about the architecture of the platform. The way it's designed is specifically to allow adaption without forking the chain. BTC can't do a minor change without 4 forks... this platform has done some pretty major overhauls and kept on kicking.
Ahh ok, cool, I understand.
The hardforks have to be accepted by the top witnesses to take hold. That's a degree of centralisation, but the witnesses are who we elect, so call it representative. While I don't like absolute concentration of power through centralisation, I also think being totally decentralised has other problems. So, being somewhat centralised with a representation model seems like a good compromise.