Are blockchains decentralized? Do exchanges rule the stake governed blockchains?
Exchanges hold a substantial amount of tokens from each blockchain. An interesting case just happened. They have just used their stake to take control over the Steem blockchain.
Governance on some blockchains are based on stake, this applies to both Proof of Stake (PoS) blockchains like Gridcoin and Delegated Proof of Stake (DPoS) like Steem.
The unprecedented event happened and several exchanges allowed to take control over the Steem. It will be interesting to watch the industry reactions. What are your thoughts?
Leave Are blockchains decentralized? Do exchanges rule the stake governed blockchains? to:
Best Posts From hotbit
We have not curated any of hotbit's posts yet. But you can encourage our curation team to review posts by visiting them regularly and by referring other readers. Because we give priority to frequently read content.
More Posts From hotbit
- OpenAI, write a funny poem about gridcoin and why it's awesome
- Why Gridcoin community is awesome?
- Nothing
- Nothing
- Multi Leagues - Divisions & Rewards
- An open letter to Pope Francis
- Solution for preventing bots playing level 1 cards from farming rewards and diluting DEC & cards value
- Multi league format proposal for Splinterlands battles - feasibility
- Steem blockchain multivote security vulnerability
- Are blockchains decentralized? Do exchanges rule the stake governed blockchains?