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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News
As the inaugural MakerDAO debt auction comes to an end, $4.3 million in under-collateralized Dai will be burned, and bidders in the second phase bagged the bigg...
Bidders Pay Up to 24% Less for MKR in Phase Two of MakerDAO Auction
Jack Martin
2020-03-23T14:09:00+00:00
1463
News
A report has found that equity fundraising has dramatically overtaken ICOs as the leading for leading source of capital for blockchain companies.
Report: ICO Fundraising Plummeted 95% Year-Over-Year in 2019
Samuel Haig
2020-03-23T11:06:00+00:00
1671
News
Sparkswap, a decentralized exchange backed by Pantera and Initialized Capital, has shut its doors after more than two years of operations.
Pantera-Backed DEX Sparkswap Shuts Down Due to Weak User Base
Samuel Haig
2020-03-19T07:24:00+00:00
1801
Opinion
DApps are facing numerous barriers to adoption, but its key benefit lies in decentralized networks with trustless protocols, so attractive for the users.
How to Build the DApp That Gets One Million Daily Active Users
Jack O’Holleran
2020-03-18T15:55:00+00:00
2890
News
“When the world comes back, it will be Bitcoin, not banks and governments that save the day,” famous investor Tim Draper said.
Bitcoin, Not Governments Will Save the World After Crisis, Tim Draper Says
Helen Partz
2020-03-17T20:39:00+00:00
21442
News
Digital asset security platform Fireblocks has partnered with Compound to provide a bridge for institutional players to enter decentralized finance.
Fireblocks to ‘Bridge the Gap’ Between Institutional Traders and DeFi
Samuel Haig
2020-03-17T13:45:00+00:00
1592
Opinion
To stimulate economic activity, we need to change gravity in the finance industry by implementing new solutions such as blockchain and other fintech.
Changing the Universal Gravitation in the Financial Industry
Gregory Klumov
2020-03-17T00:00:00+00:00
2489
News
Rapper and entrepreneur Akon has shared the whitepaper for his upcoming cryptocurrency exclusively with Cointelegraph.
Rapper Akon Shares Whitepaper for Upcoming Cryptocurrency
Samuel Haig
2020-03-15T20:05:00+00:00
9217

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