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.

Related tags:

In order for DeFi to have access to institutional actors, it will need to adapt. But by adapting, it might lose some of its core tenets.
What DeFi needs to do next to keep institutional players interested
Amber Ghaddar
Expert Take
A return to proof of work mining, a blockchain built to be fork resistant, and the chance to develop in multiple programming languages. Lessons from history — a...
Inside the blockchain developer’s mind: Koinos approaches testnet
Andrew Levine
Polychain Capital has bet on a new decentralized finance exchange protocol looking to boost the adoption of stablecoins in DeFi.
DeFi exchange protocol DFX raises $5M in seed funding led by Polychain Capital
Helen Partz
Use Case
Are decentralized autonomous organizations reaching their full potential? The current focus on governance means that many other opportunities are being missed.
Evolving the DAO: How decentralized companies can dominate Web 3.0
Connor Sephton
It is crucial that traditional enterprises join the decentralized ecosystem to bring added security and legitimacy to the industry.
Blockchain tech will bridge the gap between DApps and enterprises
Kevin Lu
Markets News
The recent controversy over traditional brokerages restricting stock purchases cast a positive light on tokenized securities and boosted interest in projects li...
Ravencoin (RVN) gains 865% as interest in tokenized securities grows
Jordan Finneseth
Whether we like it or not, the decentralized web is vulnerable to the internet’s worsening problems. Luckily, fixing this should be simple.
The perils of a decentralized web living in the centralized world
Jonas Simanavicius
Expert Take
The right kind of synergy between blockchain and biometrics will unleash the power of decentralized voting.
Voting evolved: Blockchain tech outshines paper ballots and e-voting
Guest Authors

Follow us on Facebook