Blockchain is public, transparent and open to everyone, claims Yordy Diaz from SpotGaming, who describes it as a fully democratic network against those run by third parties, like governments.
Tina Thakor-Rankin disagrees with this notion of blockchain as democratic, pointing out that it’s only available to those with access to technology and the expertise.
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In this head to head debate, there is further discussion on whether blockchain is susceptible to hacks and attacks. Tina flags 51% attacks – attacks on a blockchain by a group of miners who control more than 50% of the network’s mining hash rate – as a key risk.
However, Yordy’s rebuttal points out that hacks happen on the people working on blockchain, not on blockchain itself.