Decentralized finance needs alternatives to blockchain

📆 19/09/2023 02.05.00
📰 Cointelegraph

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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.

) become larger than Ether in market value, they could theoretically pull off a double-spend in those respective digital currencies, lose their Ether stake, and still profit more from the double-spend. Although it still remains hypothetical, it’s by no means unimaginable.

Tether now boasts a market capitalization of over $80 billion, Circle just under $30 billion, while the Ethereum blockchain it’s programmed on has a market capitalization of Ether over $220 billion — not that far, given how quickly things can change in crypto.

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