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re: People buying these Crypto Currencies

Posted on 6/17/22 at 10:22 am to
Posted by BottomlandBrew
Member since Aug 2010
27188 posts
Posted on 6/17/22 at 10:22 am to
quote:

I was saying that if it is centralized somewhere, is that verifiable?



A centralized ledger is only verifiable if you trust the holding party not to modify the ledger to their advantage. The point of decentralization is to have tons of people look at the ledger and say, "yup, checks out. We good."

quote:

Isn’t that centralization via Etherscan?


Etherscan is just a website that reads the Ethereum blockchain. There are many services, private and public, that do this, be it for bitcoin, ethereum, cardona, etc. I only used it as an example as to how a normal person like you and me can read the blockchain and see what went where.
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