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Decentralization is the process of distributing and dispersing power away from a central authority. Most financial and governmental systems, which are currently in existence, are centralized, meaning that there is a single highest authority in charge of managing them, such as a central bank or state apparatus. 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. 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 technology, the Blockchain, is what allows for this decentralization, as it offers every single user an opportunity to become one of the network's many payment processors. Since Bitcoin's appearance, many other cryptocurrencies, or altcoins, have appeared, and most of the times they also use the Blockchain in order to achieve some degree of decentralization.
Members of European Parliament have emphatically stated that cryptocurrencies are here to stay, are developing strategies for future.
Financial experts and artificial intelligence are combined in a new Blockchain platform that automates your investment portfolio.
Let’s dive into how those two differ (or not).
The rising popularity and value of Bitcoin will lead to inevitable regulation.
An open-source mobile phone aims to facilitate access to Blockchain-based applications and services to streamline peer-to-peer resource sharing, secure exchange...
Bitcoin ain’t no dusty prospector, it is a Silver Surfer
Gaming is big business, and at least one company is hoping to corner the market with Blockchain technology.
CryptoKitties has surpassed major decentralized cryptocurrency exchange EtherDelta to become the largest decentralized application (dapp) on the Ethereum protoc...
Different types of databases and how they work.
Despite rumors, the Amazon subsidiary will not be launching the same type of Blockchain-based services as its competitors, cites “other solutions.”
Blockchain enables the elimination of middlemen by directly bringing together ad buyers and sellers.
BlockShow Asia has announced partnership with EOS.IO, a Blockchain software platform, which provides infrastructure for Decentralized Applications development.
Consultants are vital to many businesses, and Blockchain can connect clients to untapped experts worldwide.
ECB ends deposit insurance, limits fund access. Better get Bitcoin.
Genaro’s Blockchain 3.0 ecosystem looks too perfect integration of data storage and smart contracts.
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