4min chapter

Deep Background with Noah Feldman cover image

Vitalik Buterin’s Plan for Legitimating Crypto

Deep Background with Noah Feldman

CHAPTER

Is the Block Chain Legitimate?

Block chain can offer forms of legitimacy for the kinds of things that it does well, or that enables people to do well. That may be more attractive than those we're accustomed to seeing in more centralized deploymentm i think that's a good question, and it depends quite a lot on legitimacy. So there's sort of two different levels that i can talk about. The decentralized architecture ofblock chains is something that directly can give users a feeling of safety. And then if someone that the rules of the boichan themselves change, then that can only happen through this long, open process.

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