Industry stakeholders say the crypto and blockchain space is becoming more racially diverse as the technology spreads across the world.
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.
As interoperable blockchain solutions gain traction, many believe that the technology is still relatively nascent and needs more polishing.3139
Blockchain is a revolutionary technology swiftly disrupting many industries, and it could answer some of the most pressing efficiency concerns in the corporate world today.7641
Libra Association member Bison Trails looks forward to moving from the Proof-of-Work consensus mechanism to Proof-of-Stake, launching Eth2 support.4295
Seven experts from different institutions and organizations discussed topics relating to diversity, inclusion, challenges and opportunities for LGBTQ+ with Cointelegraph.2616
Iota Foundation expects to remove network Coordinator and become a “fully decentralized network” by Q1 2021.5144
LGBTQ+ people in the sector say crypto is a welcoming space: “The crypto sector is more than supportive of LGBTQ+ rights.”4242
Exploring six major points regarding Tether’s impact on geopolitics and the future development of sovereign digital currency.3902
The Katalyst protocol upgrade will include the changes in the in-house token model to attract more participants.4636
The coronavirus pandemic has shown the need for new innovative ideas in the delivery of education, and blockchain has a solution.2805
Using digital assets to earn yields and borrow capital became possible thanks to crypto lending, one of the fastest-growing sectors in the crypto ecosystem.5326
The coronavirus outbreak may become the reason for the dramatic technological shift that will define the era.4691
Three major shifts will lead to crypto and blockchain adoption worldwide, and they have already started reshaping our world.4694
The US’s top legal authority is looking to dismantle online protections for content publishers following Trump’s spat with Twitter weeks ago.4623
As protests against police brutality continue in the U.S., privacy advocates warn of the risks posed by centralized social media platforms.5680