Caesar2017

Many people think today’s Tangle is centralized becasue of the Coo. But this is not necessarily true becasue the Coo only issues transactions behaving like a checkpoint in the network. The Coo can not do anything which a centralized power can do such as double spending, reversing transactions, and issuing new tokens.

Bitcoin and Ethereum both had checkpoints in their early stage. But people don’t call bitcoin and ethereum centralized becasue of that.

To compare the Stars (nodes) in IOTA to the delegates in DPoS is to compare hammers to apples. They are totally different things.

The delegates function in the DPoS is to approve the transactions in the network. The delegates are third party actors who can have different interests than the network users just like the minners in PoW. They get paid to do the job and their interest is to make more fees. The delegates have the right to make decisions.

The Stars do not approve transactions. Stars function is to issue transactions as being the network users. They don’t get paid to issue star transactions and their interest is to use the network and make transactions and conduct their business ju

The COO and stars are just some reference transactions. Stars are like distributed Coo. “These entities would issue reference transactions in much the same way that Coo issues milestones” - https://blog.iota.org/coordinator-part-3-approaches-to-coordicide-583fb82382bc.

The big misunderstanding about the Coo is that Coo can do double spending. Actually, Coo can not do double spending. Stars can not do double spending. They just issue reference transactions such as milestones. The users are free to choose if they want to refer their transactions to the milestones/stars or which ones they want to refer. Different companies may refer to different stars. If one star goes bad, users will simply n

I suggest to change the name of Coordinator (and Compass) to IOTA Checkpoint because people can understand check points very well and it can save IOTA community lots of time to explain it. The checkpoints have been widely used by cryptos such as bitcoin and ether before (https://en.bitcoin.it/wiki/Checkpoint_Lockin), and now the bchabc is also using the checkpoint to protect their network (https://www.coindesk.com/bitcoin-cash-is-now-two-blockchains-that-might-not-change-anytime-soon).