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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.
Every question answered about prediction markets.
The decentralized sports funding and investment system could prove revolutionary for many aspiring elite athletes.
Cryptocurrencies are “unlikely to disappear” and have their “greatest applications” in various sectors, J.P. Morgan claims in internal report attributed to the ...
The German government is “betting on” Blockchain and regulatory progress is soon to be made, according to lobby group Blockchain Bundesverband.
A new Ethereum Blockchain based platform seeks to create an open, global community and marketplace for crowdfunding.
A projects bets on innovative hybrid protocol mixing Blockchain and proprietary centralized platform.
The project seeks to pioneer decentralized, smart-contract based governance and help to overcome barriers posed by borders and regulations.
Supported by 15 celebrities, a Blockchain-based platform aims to connect stars with fans and advertisers.
Crypto exchange gives up 25% of its net profits, allowing all investors and traders to collect quarterly dividends.
This new platform will allow the community of investors to make decisions in a decentralized manner.
The company plans to re-imagine threat detection with decentralized Blockchain technology.
The company is introducing Decentralized Autonomous Funds to make investments in both cryptocurrencies and conventional assets on the same platform possible and...
Blockchain technology makes it possible to trust car-sharing services as it is not managed by people.
The platform already offers home and vacation rental services with 0% commission
Older generation of African leaders have frozen out young people from leadership positions, but youths gaining relevance using Blockchain technology.
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