Decentralization News

What is decentralization? A decentralization definition is that it is the process of distributing and dispersing power away from a central point. Most financial and governmental systems in the traditional mainstream world are centralized, meaning they are controlled and managed by a single authority. 

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. 

Centralization can also be present on a technical level. Hacking one of a centralized entity’s main points of failure, such as a database, could affect the entire entity and its network. 

Decentralization spreads power and information across multiple points. Decentralization advantages can include greater security and diversified control.

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 blockchain technology allows for this decentralization, offering every user an opportunity to become one of the network's many payment processors. As a whole, the crypto industry values decentralization, with projects building on various blockchains and distributed ledger technologies, or DLT

Altcoin Watch
Future growth in blockchain gaming, NFTs and the need for more decentralized storage could eventually benefit FIL and AR price.
NFTs, gaming and storage: The key to Filecoin and Arweave accruing value?
Bradley Stone
Tom Campbell, an Irish dairy farmer who runs a farm in County Armagh, is using excess energy from his farm to mine Bitcoin.
How Irish farmers turn cow dung into digital gold (Bitcoin)
Judith BannermanQuist
Learn about software that manages computer hardware and software resources, provides a user interface and controls program execution.
What is an operating system?
Alice Ivey
Crunchbase partners with AllianceBlock to make business data more accessible to blockchain businesses and developers.
Crunchbase taps AllianceBlock to boost novel applications in DeFi
Amaka Nwaokocha
Thought Leaders
The financial payments industry has seen its fair share of evolution, and is currently at an inflection point with Web3.
From PayPal to Web3: Digital identity could play key role in unlocking mainstream adoption
Josh Cowell
Explore essential skills for top legal and compliance jobs in the crypto market.
Top 7 legal and compliance jobs in the crypto market
Alice Ivey
Use Case
Crypto holders can get synthetic exposure to Forex pairs directly on-chain thanks to decentralized leveraged trading platforms.
The benefits of trading Forex pairs in decentralized finance
Anatol Hooper
The economy is a system of producing and exchanging goods and services in a society.
How does the economy work?
Guneet Kaur

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