May 13, 2021
Decentralization is blockchain’s key ingredient
What are the defining properties of a blockchain and why can we draw an analogy to ants?
If we think of a single ant, we can conclude that it cannot achieve all that much by itself and after a short while looking at it, most people would get bored. On the contrary, an ant colony in action would spark a strong sense of fascination in most of us.
Sophisticated communication mechanisms allow the ant colony to make efficient decisions, solve complex problems and build a secure nest. These properties are not inherent to a single ant and are thus not directly derivable from its DNA – they are determined by the ant colony as a whole.
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