Opinion
Critics often overlook the inconvenient fact that “decentralized” blockchains in fact depend on centralized points of failure that have the potential to corrupt entire ecosystems.
The author is an independent contributor writing an opinion or expert take. Views expressed are the author’s own and may not reflect Cointelegraph’s editorial position. Anton Churyumov is the founder and lead developer of Obyte, a distributed ledger based on directed acyclic graph. He previously co-founded companies that include Teddy ID, SMS Traffic and Platron. He graduated from the Moscow Engineering Physics Institute before obtaining a graduate degree in math and theoretical physics.
Critics often overlook the inconvenient fact that “decentralized” blockchains in fact depend on centralized points of failure that have the potential to corrupt entire ecosystems.