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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News
Venezuelan project Locha Mesh is developing devices to ensure crisis-struck regions are able to use crypto amid internet and electricity shortages.
Venezuelan Team Working on Bitcoin Mesh Network Based on Offline Radios
Andrey Shevchenko
2020-01-21T17:04:00+00:00
3931
Opinion
The traditional financial system has been reshaping from its very core — the concept of trust — through blockchain, decentralized in nature.
Why Centralized Exchanges Are Decentralizing
Steven Quinn
2020-01-19T22:59:00+00:00
5899
Interview
Cointelegraph interviewed Bancor’s Eyal Hertzog and Nate Hindman to learn more about the planned BNT airdrop, DAO transition and the future of crypto.
Bancor’s Airdrop as First Step to Take Blockchain Out of 1997: Interview
Andrey Shevchenko
2020-01-16T19:33:00+00:00
3663
News
New York lawmakers proposed a bill on a P2P savings and payment platform called the “New York Inclusive Value Ledger.”
Authors of New York’s P2P ‘Public Venmo’ Bill Hope for Greater Decentralization
Helen Partz
2020-01-10T19:08:00+00:00
2089
News
DappReview published its 2019 report, highlighting DeFi growth on Ethereum and EOS’ congestion struggles.
Report: Ethereum, Tron and EOS Dominated DApp Ecosystem in 2019
Andrey Shevchenko
2020-01-09T12:08:00+00:00
2931
Sponsored
This DeFi service and tech provider for small- and medium-sized exchanges says it has attracted 130 partners worldwide.
Crypto Trading Platform to Help Exchanges Compete with Industry Giants
Connor Blenkinsop
2020-01-08T12:46:00+00:00
1702
News
In a new public notice, Telegram stresses that Gram tokens are not investment products, which would mean that they are not under the SEC’s sway.
‘Grams Are Not Investment’ Says Telegram, Subtly Denying SEC Jurisdiction
Helen Partz
2020-01-06T16:53:00+00:00
1843
News
China’s central bank reports that it is “progressing smoothly” with its development of a government-backed digital currency.
People’s Bank of China ‘Progressing Smoothly’ With Digital Yuan
Marie Huillet
2020-01-06T09:57:00+00:00
4002

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