This project has bold ambitions to become “the Microsoft of DeFi” — and says many protocols in the marketplace right now have been corrupted by greed and incompetence.
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
Crypto YouTuber EllioTrades and law professor Edmund Schuster debated the value of NFTs and the role of blockchain in digital collectibles.4827
A new contest is taking place that has the ambition of breaking the world record for the bandwidth of blockchain protocols in a real network.7156
Interoperability is one of the hottest phrases in the blockchain lexicon, but there are fears that many of the solutions out there merely serve as a sticking plaster.7670
To fully merge the real and digital worlds, designing governance systems with flexibility at their core is key.12609
With mass adoption comes the risk that cryptocurrency may lose one of its core value propositions: decentralization.12646
Explosive growth in asset tokenization and NFTs is fueling Web 3.0 growth, and testing DeFi resolve.9732
A rebranded zk-Rollup ecosystem is taking on first-gen decentralized exchanges by offering faster, cheaper, more private transactions.36691
The investment round, which was led by Runa Capital and RTP Global, will go toward funding its decentralized blockchain network.8012
While legacy finance is losing the people’s trust, decentralized finance is becoming the fair and deserved future of money.16737
Leaked information includes phone number, Facebook ID, full name, location, past locations, birthdate, email address, relationship status, and bio.91304
The Internet Archive’s founder Brewster Kahle has joined the boards of advisors for the Filecoin Foundation and the Filecoin Foundation for the Decentralized Web.11638
American content distribution company Cinedigm now uses Theta’s TFUEL cryptocurrency as a reward for sharing and watching content.19382
A decentralized infrastructure service network says its goal is to tackle creeping centralization in the blockchain sector and give developers choice.8495
A DAO governance platform allows companies, foundations and hedge funds to be established in a decentralized, open and fair way.7572