Imo it depends. Blockchains are very useful for things where you need to have trust and security.
You could use it for example for: financial transactions, supply chain management, decentralized gambling, decentralized exchanges, insurance, ...
It's also handy for different criminal activities.
The thing is a normal database is much faster and scalable than blockchain at this moment. You can't have high speed and scalability, high security and a cheap system. You will always have to sacrifice on something.
You are viewing a single comment's thread from:
Well we maybe found the first project that managed to get a fast and decentralized blockchain :D
Is it really that decentralized? Steem is dominated by whales ... I mean, they can decide in the end what gets flagged and what goes trending.
But that's the case with most things in life. Bitcoin is also pretty much dominated by the people that got in early.
Most of them are exchanges,lost but yes they're whales/
The holders don't control the chain nor do Miner nor do Dev nor do full nodes.
Each control part of the chain in diff ways.
It the very reason why Bitcoin took so long to upgrade.
Any scaling is done using that one upgrade segwit which is actually really amazing!
Indeed @sames. I love this convo you guys are having here :)
https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html