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Ada's Dream [ DREAM ]-

Where can I check how decentralized coti is?

#coti #cryptocurrency #english
0

12 ответов

16 просмотров
Geordie-R

It's not as decentralised as cardano. It will never be fully decentralised either. Pretty impossible for payments.

0
12.04.2022
Ada's Dream [ DREAM ]- Автор вопроса

I know, it's not as decentralized. I just want to know how decentralized it is as at all. I also wonder if they stated they don't care about decentralization and if they plan to remain completely/partly centralized and why

0
12.04.2022
Ada's Dream [ DREAM ]- Автор вопроса
Geordie R
It's not as decentralised as cardano. It will neve...

Impossible for payments, why is that? If you care to educate me. Or u can just link me to something i should have read

0
12.04.2022
McPrime-
Ada's Dream [ DREAM ]
I know, it's not as decentralized. I just want to ...

They are decently decentralized and they try to decentralize as much as possible. There are atm around 23 community nodes and counting

0
12.04.2022
Mr. Not In Use-
Ada's Dream [ DREAM ]
Impossible for payments, why is that? If you care ...

because of kyc and the proccess it takes to get accepted/invited for a node. a lot of regulation so many things have to be controlled by coti itself for now. that will change in the future i suppose

0
12.04.2022
Ben-G | COTI | Will never DM you first!
Ada's Dream [ DREAM ]
I know, it's not as decentralized. I just want to ...

We are not fully decentralized. The essence of the structure being partly centralized is to enable us meet as many global regulatory requirements as possible. There are many parts of the system that must be centralized as these are processes we cannot recreate.

0
12.04.2022
Ada's Dream [ DREAM ]- Автор вопроса
Ben G | COTI | Will never DM you first!
We are not fully decentralized. The essence of the...

Okay, but if one day Cardano pulls of DIDs (decentralized identity declarations) and kyc becomes possible in a decentralized way, COTI would generally be inclined to pursue even greater decentralization? Correct?

0
12.04.2022
Ben-G | COTI | Will never DM you first!
Ada's Dream [ DREAM ]
Okay, but if one day Cardano pulls of DIDs (decent...

Correct, we'll also have more decentralisation features planned overtime

0
12.04.2022
Karlo-Peternel

Better we don't know how much? Probably not much at all, therefore possible so many transactions per second

0
13.04.2022
Vladyslav | COTI-
Karlo Peternel
Better we don't know how much? Probably not much a...

We are not fully decentralized. The essence of the structure being partly centralized is to enable us meet as many global regulatory requirements as possible. There are many parts of the system that must be centralized as these are processes we cannot recreate.

0
13.04.2022

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