Ethereum network standards should increase when considering layer-2 scaling solutions, suggested Ethereum co-founder Vitalik Buterin.
Decentralization News
What is decentralization? A decentralization definition is that it is the process of distributing and dispersing power away from a central point. Most financial and governmental systems in the traditional mainstream world are centralized, meaning they are controlled and managed by a single authority.
There are several crucial disadvantages to this approach, stemming from the fact that any central authority also plays the role of a single point of failure in the system: Any malfunction at the top of the hierarchy, whether unintentional or deliberate, inevitably has a negative effect on the entire system.
Centralization can also be present on a technical level. Hacking one of a centralized entity’s main points of failure, such as a database, could affect the entire entity and its network.
Decentralization spreads power and information across multiple points. Decentralization advantages can include greater security and diversified control.
Bitcoin was designed as a decentralized alternative to government money and, therefore, doesn't have any single point of failure, making it more resilient, efficient and democratic. Its underlying blockchain technology allows for this decentralization, offering every user an opportunity to become one of the network's many payment processors. As a whole, the crypto industry values decentralization, with projects building on various blockchains and distributed ledger technologies, or DLT
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Gora, a decentralized blockchain oracle network that enables developers to use off-chain data in their DApps, joins the Cointelegraph Accelerator program.
12079Ethereum co-founder Vitalik Buterin suggested penalizing validators proportionally to the deviation from their average failure rate.
14204Layer-1 blockchain peaq has secured $15 million in a Series A round led by Generative Ventures and Borderless Capital.
2337The DFINITY Foundation’s newly released ecosystem report revealed the community committed more than 6.5 million ICP tokens to decentralization efforts in 2023.
3073The feature incorporates a “Multichain Gas Relayer,” eliminating the necessity for the native gas token of another chain for transactions.
21104While the reduced reliance on Geth is good news, “we can’t declare victory yet,” says Lachlan Feeney, founder and CEO of Ethereum infrastructure firm Labrys.
2675The credit protocol saw a peak in real-world assets two years ago. Now, it is looking to revive the market.
4733Floki hopes to expand beyond memecoin status by introducing debit cards, digital accounts and educational platforms for users.
29869AI and machine learning compute networks built on decentralized infrastructure could allow the onboarding of significant hardware resources worldwide.
2234A decentralized messaging app has soared into the top three most actively-developed crypto projects of the last month.
3335The blockchain community is emerging with fairer and more trustworthy ideas to prevent complex MEV challenges and front-running.
5749The Bitcoin mining reward rate gets cut in half every four years, but this seemingly simple event carries with it deeply felt implications for the future of DeFi.
39929Io.net will support Apple silicon chips, allowing users to use the hardware for machine learning applications.
8731DAOs promise collective and transparent decision-making. However, whales and fake accounts threaten fair voting.
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