6 of 12 top coins are officially centralized

in #do7 years ago

I won't get love for this one... but anyway!
Out of the top twelve coins by market cap, six are ran 100% centrally by the founding organizations:

  1. Ripple (Ripple company decides who is the validator - the so called UNL)
  2. NEO (7 trusted nodes controlled by a single party)
  3. Cardano (in the "Bootstrap Era" before target dPoS)
  4. Stellar (edited: this one is a bit nuanced - it feels like a Web-of-Trust with the trust firmly anchored in Stellar Development Foundation; Stellar documentation underlines legal compliance and not censorship resistance; the Stellar Whitepaper states: "In practice, the top tier could consist of anywhere from four to dozens of widely known and trusted financial institutions") - so it is basically based on trusted parties cooperating
  5. IOTA (the "Coordinator")
  6. NEM (the Network Infrastructure Server (NIS) is not open source)bold

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