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RE: Beating Bitcoin Series (2) - Pay Attention to Projects That Solve Problems Currently Keeping Blockchains from Mass Adoption Such as Zilliqa

in #bitcoin7 years ago

thanks for the coverage of Zilliqa

if you are going to take a blockchain and make it delegate transaction verification and consensus then does it not create the man in the middle attacks?

imagine many shards, dedicating a bunch of nodes to those shards and then coming up with even more complicated algorithms to make sure that any individual shard is not hijacked.

does this not sound like a complex problem to solve? instead why not use consensus as a service from a centralized network. this way only consensus is outsourced and we can all vote for the consensus network made up of special nodes who can do that. the idea then would be to ensure that these special nodes (validators, miners, or whatever) are able to stave off the 51% attack MO.

even here there is no single point of failure and you just reduced the wait time to a fraction.

is this any different in intent from the lightning network?