@degengineering.eth

And what will be the difference between Arc and a centralized database? 😏 "Public" is a misleading adjective in Arc’s case because the consensus will remain in the hands of a consortium of pre-approved validators that is not open to the public. A more accurate description would be "private" (or permissioned) and "open": Private (permissioned) — because the consensus layer and transaction validation are controlled by a limited, permissioned set of entities. This means the network cannot be considered censorship-resistant: these validators will be subject to regulations and can be compelled to block or reverse transactions if required by their legal jurisdictions. Open — because the infrastructure is accessible to developers: anyone can deploy smart contracts and build on the platform. However, the openness at the application layer is undermined by the closed nature of the consensus layer: ultimately, a small group decides which transactions are valid and included in the chain. ☝

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