↳ In-reply-to » I see I'm not doing any work today, so rest day. Watching YouTube day.

@adi@twtxt.net No not quite. The transaction verification process is just how the network works to validate the chains that end up in the ledger and which chains to consider. It’s all based on Proof of Work (PoW) which suffers from the 51% problem.

it’s very much a distributed network, but you are essentially centralizing the storage of transactions, the so-called block chain, ledger, onto infrastructure and computers that aren’t yours or in your control.