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
Ethereum was supposed to bring us the “world computer,” but even 3,000 transactions per second is woefully inadequate.
Ethereum Istanbul — Faster, But Still Not the World Computer
Miko Matsumura
2019-12-07T22:49:00+00:00
8963
News
Komodo developers claim that it has created an implementation of its AtomicDEX that runs a full P2P node in the user’s web browser.
Komodo’s AtomicDEX Exchange Runs a P2P Full Node in Your Web Browser
Adrian Zmudzinski
2019-12-06T14:51:00+00:00
2381
News
P2P Bitcoin marketplace Paxful recently hit an all-time-high in weekly traded volume, continuing its near-unbroken uptrend.
P2P Bitcoin Marketplace Paxful Set to Surpass LocalBitcoins in Volume
Marie Huillet
2019-12-02T10:37:00+00:00
3841
Opinion
The distribution of political power could be reshaped by blockchain, which provides a decentralized alternative to existing structures.
Blockchain, Power and Politics: How Decentralization Engenders Freedom
Tomer Afek
2019-11-30T21:51:00+00:00
5476
News
EOS Block Producer “EOS New York” has published data purportedly showing that six registered producers on the network are managed by a single entity.
EOS Block Producer Claims Centralized Misconduct on the Network
Marie Huillet
2019-11-28T08:39:00+00:00
4467
News
The need for censorship-resistant currencies like Bitcoin has been thrown, yet again, into stark relief as HSBC shutters an account reportedly used to fund Hong...
Spotlight on Bitcoin as HSBC Shuts Hong Kong Protest-Linked Account
Marie Huillet
2019-11-19T09:44:00+00:00
4482
News
Another FAANG company has its sights on financial services — this time it’s Google, as Forbes has reported, polemically claiming this could “kill Bitcoin.”
Bitcoin’s ‘Demise’? Google, Bailed-Out Citi Unveil Checking Accounts
Marie Huillet
2019-11-19T08:54:00+00:00
5034
BlockShow
Experts at BlockShow Asia 2019 discussed AI’s dependence on blockchain to secure our decentralized digital future.
Artificial Intelligence Will Enable the Future, Blockchain Will Secure It
Kristina Lucrezia Cornèr
2019-11-16T09:17:00+00:00
5009

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