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.

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Opinion
The idea of global vaccination and health data being stored in centralized systems has more than privacy experts freaking out.
We don’t need immunity passports, we need verifiable credentials
James Schulte
2021-01-20T14:27:00+00:00
5528
News
Brave Browser has integrated IPFS into its desktop web browser for Windows, macOS and Linux.
Brave private browser integrates IPFS support to desktop version
Helen Partz
2021-01-20T08:40:29+00:00
8811
News
Amid increasing distrust of custodial solutions and recent upgrades to Bitcoin Core, more Bitcoiners are starting to run their own nodes.
Bitcoin node count hits new all-time high
Cyrus McNally
2021-01-20T03:27:14+00:00
6856
News
COTI’s new Crypto Volatility Index allows traders to profit from highly-volatile cryptocurrency markets.
New ‘market fear’ index lets traders bet on crypto volatility
Helen Partz
2021-01-19T13:40:20+00:00
6488
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.
Bitcoin has become nothing but the new Che Guevara T-shirt
Cassio Gusson
2021-01-16T11:07:00+00:00
19118
News
Foundry Digital and Blockdaemon are backing the launch of Stacks 2.0.
Stacks announces major partnerships following mainnet launch
Sam Bourgi
2021-01-15T17:00:00+00:00
2673
News
Anonymous Tor-enabled Bitcoin nodes normally make up as much as 25% of totally reachable Bitcoin nodes.
Tor-enabled Bitcoin nodes are back after bug on network
Helen Partz
2021-01-15T09:28:26+00:00
11721
News
They're celebrating the launch with a one-day virtual event headlined by a number of industry partners.
Stacks mainnet launch brings smart contracts and DeFi to Bitcoin
Sam Bourgi
2021-01-14T15:48:01+00:00
9915

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