News
COTI’s new Crypto Volatility Index allows traders to profit from highly-volatile cryptocurrency markets.
5586
Decentralization News
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.
Related tags:
- Opinion
Bitcoin promised to create a new normal in finance, but it turned out to be nothing but the old normal with a new face.
18902 - News
Foundry Digital and Blockdaemon are backing the launch of Stacks 2.0.
2622 - News
Anonymous Tor-enabled Bitcoin nodes normally make up as much as 25% of totally reachable Bitcoin nodes.
11618 - News
They're celebrating the launch with a one-day virtual event headlined by a number of industry partners.
9807 - News
The decentralized governance protocol has seen 13 resignations among related staff over the course of the last week.
26003 - News
Social media users are leaving traditional providers in droves in favor of more independent platforms over fears of unwarranted data collection, censorship, and refusal of service.
7260 - News
Chief scientist Dominic Williams spoke to Cointelegraph to explain what this means and the path forward.
6399 - Opinion
CeFi and DeFi have a long way to go in order to effectively work together, but their combined efforts will help drive mass crypto adoption.
34841 - Opinion
The heirs to the Bank of England may think they’re still leading, but their only options are to follow crypto or get out of the way.
16276 - New Year Special
Experts in blockchain technology and the crypto space take on the question: What impact has DeFi had in 2020, and what can we expect in 2021?
20501 - Opinion
Decentralizing finance, governance and technology should be the ultimate goal for the DeFi sector.
8271 - Explained
Grant programs have their flaws — they often lack transparency and shut out good ideas. Here’s why contests are a compelling alternative.
21 - Opinion
Decentralization can trigger a transition to a post-scarcity, post-capitalist crypto economy of abundance, while solving species-threatening negative externalities.
7040 - Video
Chainlink co-founder Sergey Nazarov explains why a decentralized oracle network is needed to ensure trust in the DeFi ecosystem.
23425