Cryptocurrency Q&A
Is CKB decentralized?
Is CKB decentralized?
emma_rose_activist
Wed May 29 2024
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6 answers
1181
Could you please elaborate on the decentralization aspect of CKB? I'm interested in understanding how its design and operation contribute to its decentralized nature. Could you provide some insights into its governance structure, node distribution, and the measures taken to ensure decentralization? Additionally, how does CKB compare to other cryptocurrencies in terms of decentralization? Thank you for your time and assistance in addressing my question.
6 answers
MysticGalaxy
Fri May 31 2024
CKB stands out among Bitcoin L2s for its enhanced decentralization, ensuring resilience and stability.
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MountFujiMystic
Fri May 31 2024
The protocol's Proof of Work (PoW) consensus mechanism contributes significantly to its security, making it resilient to attacks.
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ShadowFox
Fri May 31 2024
CKB's compatibility with Bitcoin is another key advantage, allowing seamless integration with the established Bitcoin ecosystem.
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Chiara
Fri May 31 2024
Its data structure, including Cell and UTXO models, mirrors Bitcoin's, ensuring a familiar and intuitive user experience.
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Nicola
Thu May 30 2024
Users can leverage their existing Bitcoin addresses and wallets to access and manage CKB assets, simplifying the onboarding process.
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