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
No need to suffer from centralized systems since the world has been offered its greatest weapon against it: cryptocurrency.
Bitcoin genesis block is the ‘New Testament’ of finance
J.D.Salbego
2020-10-17T09:00:00+01:00
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Analysis
Germany’s blockchain solution for distributed energy resources puts interoperability to the test.
Germany’s blockchain solution hopes to remedy energy sector limitations
Rachel Wolfson
2020-10-16T18:57:21+01:00
6693
News
It's not a scarce resource like nuclear power, whose proliferation is more easily suppressed.
Attempting to stifle encryption is a waste of time, suggests Status security chief
Michael Kapilkov
2020-10-15T21:14:55+01:00
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News
The Bitcoin ecosystem continues to be dominated by a handful of platforms and companies.
Five mega exchanges hold 10% of Bitcoin's entire supply
Samuel Haig
2020-10-15T03:49:59+01:00
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News
Would decentralized governance save social media platforms from polarizing its users with its politics?
Blockchain may solve Twitter and Facebook’s moderation issues says Aragon exec
Michael Kapilkov
2020-10-09T21:34:46+01:00
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Video
The U.S. needs to embrace privacy-focused crypto in order to compete with China’s digital RMB.
U.S. Vs. China: who will win the digital currency war?
Marco Castrovilli
2020-10-09T19:05:00+01:00
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News
The Antitrust Subcommittee looks for new legal tools to rein in Apple, Amazon, Facebook and Google — a clear opening for tech tools built to decentralize.
Congress’ renewed attack on Big Tech may clear the field for decentralization
Kollen Post
2020-10-07T22:33:20+01:00
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News
The bank is shutting down the SWIFT network as protests rocked the country.
Kyrgyzstan’s central bank suspends SWIFT to prevent capital outflow
Helen Partz
2020-10-07T15:11:20+01:00
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