I’ve thought of how highly effective corporations can change the protocol in just about any approach they need. I am fairly certain and hope there’s some form of approach the community is resilient to this however I am unsure how.
For instance highly effective corporations need to change the block dimension restrict, they need to improve it to 100 MB for no matter motive.
1 – Large corporations like Amazon, Fb or Google simply arrange a bunch of nodes. They’re have like 95 % of nodes now.
2 – They rent one of the best tech guys and designers to design some slick, user-friendly wallets and so they spend rather a lot on advertising. Your common joe, non-tech man (most customers) will use these wallets now (like how everybody simply makes use of Whatsapp, Twitter or Fb). These wallets are designed to be served the blockchain by one of many nodes managed by the businesses.
3 – The businesses speak with mining swimming pools to persuade them to just accept the adjustments they suggest. If wanted they may give them a bunch of cash, in any case mining swimming pools runners solely care about enterprise.
4 – They deploy the brand new software program on all their nodes (95 % of all nodes), and miners validate the brand new blocks.
5 – This new chain has the avail of 95 % of nodes and of miners. That is the true Bitcoin now. The previous chain will likely be thought of simply an irrelevant fork maintained by previous Bitcoin lovers.
What would forestall highly effective corporations or actors to do one thing like this?