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RE: A Lesson In Decentralization: @aggroed and Steem Engine
ERC20 was a goldmine for Ethereum. One of the main reasons is because it standardized the tokens. Steem Engine looks to do the same thing but tied to this blockchain. Unlike Ethereum, this is not written into the Steem blockchain. Again, this is a project outside Steemit Inc. Instead, it uses a side chain to tie into the blockchain.
To clarify:
SteemEngine does use Steem as the ledger on which all transactions are published on. Only the verification of said transactions is not done by Steem nodes but other servers. Anyone, however, can set up a node and start verifying those transactions.
Can you "mine" ENG tokens as a reward for verification?
I'm not one of the creators of Steem Engine. You'd better ask @aggroed and the others whose project that is for details. But it would stand to reason, of course, that you'd get your rewards as tokens of some description.
Thank you for adding that clarification for us. It makes more sense now.
I was referring to the coding being on the blockchain itself but It now seems a bit confusing the way I wrote it.