Public and Private Blockchains: an Argument for Compromise
▻https://hackernoon.com/public-and-private-blockchains-an-argument-for-compromise-6f6d74f77af6?s
As the debate to whether and when blockchain’s promise will materialise rages on, a sub-debate is simmering, one which boils to the core of the decentralized nature of blockchain.In the beginning, blockchains were designed to be fully decentralized, publically accessible ledgers that did away with the kind of intermediaries that could label bad money good and bring the global economy to its knees. They were designed to be transparent and open tools for value exchange that promised to overhaul financial transactions and advance digital money into a new era. Investment poured in, and even though interest waned in 2018, PwC reported that $13.7 billion was raised in ICOs in the first five months of 2018.Then there was the realization that the #technology could be applied to other spheres (...)