Скачать или смотреть Blockchain: Centralised vs Decentralised

The consensus process, which verifies new transactions, differs between the two major types of blockchain: centralised and decentralised.

Some differences include:
1) Accessibility
In the decentralised blockchain set-up, everybody is free to join the network. If you join the network, you supply computing power in exchange for being rewarded with the currency of the blockchain.
Centralised blockchains limit the autonomy of the network by deciding who the participants will be, sacrificing openness for a much faster and cheaper process.

2) Scalability
Decentralised systems have scalability issues due to high numbers of participants and furthermore, these blockchains have serious energy consumption repercussions.

The crucial difference between the two systems is that a centralised blockchain relies on at least one trusted authority causing many pundits to not accept these systems as fully-fledged blockchains.

You can learn more about blockchain and its applications to financial services in other videos here: https://financeunlocked.com/blockchai...

Igor is the author of “Blockchain Babel: The Crypto-Craze and the Challenge to Business.” The book was a Financial Times Book of the Month and a finalist in the Bracken Bower Prize. He has published more than 50 articles on blockchain and financial technology. Moreover, Igor is the Head of Marketing and Product Management for BNP Paribas Personal Finance in Austria.

You can find more of Igor Pejic’s videos here: https://financeunlocked.com/expert/ig...

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