Transaction

Hash
8b33b4111139c62de302c85343380fdfe026de6f7cdd44dd041045ffcee125ec
Block
566741 · 2019-01-24 14:29 · 34,489 confirmations
Data
memo-like
Size
271 bytes
Fee
278 sats (1.02583027 sat/B)

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...
Read more...

Inputs (1)

Index
0
Previous Output
30440220737ad21eda1ecfd534cbbfe52182dabbc952ec8e81f3120bb359d3611dc03a0b02207f9692816bb2c660ffe660523ffec202ea5307c884e4251154a18bbaf52ba4f741 03d578478e56c0dab8f10c0118977d9f292e7f65302182debda23632111d1a0231

Outputs (3)

Index
0
OP_DUP OP_HASH160 0d3534b68ed855e86e6c45e2c07e340948702f9c OP_EQUALVERIFY OP_CHECKSIG
Index
1
Type
OP_RETURN
OP_RETURN 6d04 c2a9e8a9497165da2e37a634fba35b97e1b74e51cdf23bec8888fe1fff58301c
Index
2
Spent
No
OP_DUP OP_HASH160 81d0145029f8f43545413bd67593e6df470ee0d4 OP_EQUALVERIFY OP_CHECKSIG

Raw

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