Newsletter
DeFi’s decentralization debate rages on after the Sui community voted to return the $162 million frozen during the Cetus exploit.
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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
- Opinion
The decentralized AI industry has a chance to carve out market share, but it will need to prove its security and usefulness. Centralized AI’s dominance risks privacy, transparency and ethical standards.
1821 - News
Tim Berners-Lee said at ETH Prague that if he were designing a domain system today, he would make it more decentralized, in a nod to concerns over DNS centralization.
5014 - News
Aave founder Stani Kulechov says the Ethereum Foundation is now both supplying and borrowing from Aave, completing what he calls “the full DeFi circle.”
10042 - Opinion
As Bitcoin aims to go mainstream, the crypto industry’s blind spot in terms of physical infrastructure is holding it back. Neglecting real-world access points risks leaving millions behind.
1760 - News
Cetus may recover $162 million in stolen funds if the Sui community approves a governance vote, with a full user fund recovery plan already in motion.
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DNA Fund is entrenched in the Bittensor ecosystem, believing decentralized AI could be the next major breakthrough.
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Small businesses and telecom giants gain financially from decentralizing infrastructure, Nova Labs chief operating officer Frank Mong said.
9962 - News
Crypto trader James Wynn has pushed his Hyperliquid Bitcoin long to $1.25 billion using 40x leverage, but suffered a $29 million hit following Trump’s tariff shock.
10164 - Newsletter
Analysts are warning of more fiat currency debasement, which is driving a growing appetite for digital assets, including cryptocurrencies and NFTs.
12011 - News
Thirty-five years after his PhD, Ben Goertzel has witnessed many of his early ideas flourish in the mainstream.
5264 - News
Sui-based DEX Cetus offered the hacker a $6 million white hat bounty offer as the protocols are trying to recover the stolen $220 million, with $162 million remaining frozen.
7985 - News
Sui-based DEX Cetus has been hit by an apparent hack, with onchain data showing rapid asset drainage despite the team portraying the incident as a “bug.”
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Coinbase faces a $400 million phishing bill after cybercriminals managed to bribe overseas support agents to expose the personal data of the exchange’s users.
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“The next big wave in Web3 is education,” said Yat Siu, chairman of Animoca Brands, on stage at Consensus Toronto.
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