ATOM's ascending triangle setup opens up the possibility for another major crash by June 2022.
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
Peter Grosskopf, co-founder of DeFi project Unstoppable Finance, tells Cointelegraph auf Deutsch what he thinks about new regulations for DeFi.1286
The announcement of the firm's inaugural capital raise from prominent investors is set to propel the vision for the construction of decentralized content representing communities from across the NFT space.2151
Highlighting Germany’s crypto license as an example of attractive regulation, Birgit Rodolphe writes that similar frameworks should be the same throughout the EU to “prevent a fragmented market.”2241
While people on Earth are still expecting decentralized tech mass adoption, decentralization is the only way for people on Mars to organize their, well, everything.11393
Decentralized routes of lending and borrowing through smart contracts are allowing DeFi finally to overthrow the traditional finance sector.4938
Here’s how Polkadot's ecosystem and Substrate platform can be compared with Ethereum’s upcoming upgrade as the race toward Web3 gathers momentum.22305
The success and mass adoption of the Metaverse relies on the ability of users to build their own — in other words, utilizing metaverse-as-a-service technology.15920
As the debate over the trustworthiness of stablecoins intensifies due to Terra, one expert thinks builders should push for the coins to be decentralized with a clear use case.3917
Decentralized science, dubbed DeSci, is creating new markets for knowledge and new opportunities on commercial markets.2975
The Solana network seems to be battling persistent outages while seeking to address the industry’s blockchain trilemma.13034
Today, our personal data gets breached, monetized and even weaponized against us, but decentralized solutions are granting full control over users’ information back to users.5277
Bluesky outlined that it is “not possible to have a usable social network without moderation,” and intends to build a moderation model for the network dubbed “speech and reach.”4388
Anthony Scaramucci predicts that the next presidential candidate will be pro-crypto and that a Bitcoin ETF will happen by the end of 2022, given recent developments on Capitol Hill.2931
Independent creators and artists should feel empowered by decentralization and not play by Big Tech’s rules, especially in the Metaverse.3392