As people and markets have been affecting Bitcoin and the coins that came after, we see Nakamoto's idea drift further from its origins. We have advanced a lot regarding decentralized processes compared to 9 years ago but actual company systems do not allow the products to be completely distributed.
Ideal Concept vs Applied Concept
The system Nakamoto conceived back in 2009 involved the creation of P2P connection between all of the nodes for them to build a trust relationship. Nowadays as people gather under pools we can already tell how full nodes have not been compelling and developers are already thinking of strategies to avoid 51% attacks, which would allow the attacker double-spent coins or avoid some transactions to be verified.
Lately, Blockchain based products are being developed by companies all around the globe. As most of them have issued, they found that incompatibilities with the distributed lines were found in areas such as sensible information. They fixed it by requiring off-chain credentials from the central host for the success of the operation, consequently using a pseudo-decentralized system. If the main node where to receive a DoS attack the whole network would collapse.
Future of this technology
Chain technology is yet to show it's true potential and it will lead to a new era of hybrid systems. Companies will start making the best of their software by choosing how to distribute tasks, information, and trust among their operative red.
This new model may not be of the like of companies who depend fully on the solid structure of a centralized system and focus their resources to protect it but if they were not to keep up with the pace technology is taking they will see themselves out of the scope overtaken by competitors.
No matter what the context, there’s a strong possibility that blockchain will affect your business. The very big question is when. - Marco Iansiti for Harvard Business Review
Thank you for your time. If you have any question feel free to contact me:
LinkedIn: https://www.linkedin.com/in/andressanmar/
Telegram: @minedbitrades
Andrés Sánchez
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