Transaction

Hash
166d34a72bb1a0164eb00c576856e47fb7a907c182dedc230e470e979a12a195
Block
566738 · 2019-01-24 13:14 · 274,996 confirmations
Data
memo-like
Size
272 bytes
Fee
278 sats (1.02205884 sat/B)

1908d
Decentralization
In general, most Bitcoiners (BTC and BCH) agree that Bitcoin is a highly secure network that is immutable and robust. You would find it incredibly difficult to change past transactions or disrupt network communication. The main point of contention comes when discussing “miner centralization” of the network, where BTC proponents argue that scaling Bitcoin on-chain centralizes the network. However, what does centralization actually mean? Think back to the beginning of this article when we discussed Twitter. The number of followers was not as important as how connected the followers are. Graph theory classifies “decentralization” not by the number of nodes in the network, but by the interconnectivity of the network. Information fed into a decentralized network is dispersed and accessible rapidly by any node connected in the network.
We can take the small-blocker argument of “decentralization” to its logical conclusion and break down why it is not rooted in any aca...
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Inputs (1)

Index
0
Previous Output
3045022100e17a183ffbadb2d4a68e172679e95913ad891adc12fdf0933a86fc7ffc514f1c0220207ae58b6e30cbc46fe3ec4f771b8c7160afdf12321347bf6ddb3f1733c7091741 0340bc05f7438767d3b54f05880d9521e23a528131d776e3f3191aa71087c39975

Outputs (3)

Index
0
OP_DUP OP_HASH160 0d493955a3691722f6f33f0b5cb1e9482a0ee3a2 OP_EQUALVERIFY OP_CHECKSIG
Index
1
Type
OP_RETURN
OP_RETURN 6d04 c2a9e8a9497165da2e37a634fba35b97e1b74e51cdf23bec8888fe1fff58301c
OP_DUP OP_HASH160 81d0145029f8f43545413bd67593e6df470ee0d4 OP_EQUALVERIFY OP_CHECKSIG

Raw

01000000019bba30abda5e7c8aa6c426b10af6b39716a417c008d176157783f535f9b44f28000000006b483045022100e17a183ffbadb2d4a68e172679e95913ad891adc12fdf0933a86fc7ffc514f1c0220207ae58b6e30cbc46fe3ec4f771b8c7160afdf12321347bf6ddb3f1733c7091741210340bc05f7438767d3b54f05880d9521e23a528131d776e3f3191aa71087c39975ffffffff0378130000000000001976a9140d493955a3691722f6f33f0b5cb1e9482a0ee3a288ac0000000000000000256a026d0420c2a9e8a9497165da2e37a634fba35b97e1b74e51cdf23bec8888fe1fff58301cd2020000000000001976a91481d0145029f8f43545413bd67593e6df470ee0d488ac00000000