Digital ownership on one (1) blockchain. Not really that great when you put it like that. What makes one Blockchain more authoritative than another?
Even in a closed system, if you think the admins of these chains don’t keep a kill switch in their back pocket specifically for their advantage in ownership conflicts then you should probably read about Ethereum Classic. Even if they don’t want to hard fork, if a chain is controlled entirely by a company, then they can edit it however they want regardless since it’s not really decentralized.
The idea that Blockchains will empower the customer with digital ownership is silly to me.
Digital ownership on one (1) blockchain. Not really that great when you put it like that. What makes one Blockchain more authoritative than another? Even in a closed system, if you think the admins of these chains don’t keep a kill switch in their back pocket specifically for their advantage in ownership conflicts then you should probably read about Ethereum Classic. Even if they don’t want to hard fork, if a chain is controlled entirely by a company, then they can edit it however they want regardless since it’s not really decentralized. The idea that Blockchains will empower the customer with digital ownership is silly to me.
Who do you think controls ETC? IOHK? It’s an open-source project.
It had some 51% attacks a few years ago, is that what you are referring to?
I’m honestly just curious what you mean
Is a chain is controlled by a single entity then it’s not a blockchain, it’s a linked list with extra steps.
The whole point of a blockchain is that it’s independently verifiable/validated by all its users. Anything else is a literal scam.
Well, a blockchain is a linked list with extra steps. Only having 1 entity just means it is centralized, not decentralized.