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

News
Different decentralized finance solutions building on the Algorand blockchain could receive a chunk of a new $300 million fund.
New fund aims to put hundreds of millions toward Algorand DeFi growth
Benjamin Pirus
2021-09-10T19:45:00+01:00
15214
News
Blockchain venture capitalists continue to fund Polkadot projects with growing conviction. SubQuery aims to bring data indexing infrastructure to the network.
SubQuery raises $9M for Polkadot data protocol
Sam Bourgi
2021-09-08T09:30:00+01:00
6989
Altcoin Watch
The latest bout of buying has pushed SOL/USD’s quarter-to-date gains up by more than 450%.
SOL price nears $200 after FTX’s Solana-enabled NFT marketplace goes live
Yashu Gola
2021-09-07T12:00:00+01:00
21276
News
DeFi insurance protocol Ruler and Cover pledged to share the remaining treasury funds to token holders.
Ruler and Cover DeFi protocol closes down amid mass developer exit
Tom Farren
2021-09-06T14:35:07+01:00
8870
News
Enforcement attorneys are reportedly looking for information about Uniswap’s marketing and investor services.
SEC reportedly investigates decentralized exchange Uniswap
Helen Partz
2021-09-03T12:40:50+01:00
14541
News
Presearch is backed by a community of node operators who process user search requests and earn rewards through the Ethereum-based PRE token.
Decentralized search engine becomes default option on European Android devices
Sam Bourgi
2021-09-01T14:00:00+01:00
11357
News
Cream Finance has identified the AMP integration error that caused a nearly $19 million loss for the protocol and aims to pay users back.
Cream Finance to repay stolen Ether and Amp via protocol fees
Helen Partz
2021-09-01T08:54:16+01:00
4816
Opinion
In the DEX segment, aggregation services are likely to continue gaining a bigger piece of the pie at the expense of decentralized exchanges.
Decentralized exchanges and aggregators drive DeFi growth
Sergej Kunz
2021-08-31T17:54:32+01:00
5901

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