Secret Network launched a $400 million DeFi fund and 1inch integrated Avalanche and Gnosis protocols — all coming to you in this week’s Finance Redefined.
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
Decentralized storage and computing network Aleph.im raised fresh funds to face Amazon Lambda as a decentralized alternative.1231
According to the boss of the international institution owned by central banks, it is central banks that are best positioned to shape the future of money.1762
NFT tickets are on the rise as artists and fans seek lasting engagement in real life and in the Metaverse through the use of new technology.3765
Distributed ledger service Hedera Hashgraph is expected to deploy a panoply of upgrades in 2022 in line with their long-term pursuit of decentralization.12692
Vitalik Buterin outlined his views on a cross-chain blockchain world, dYdX announced plans for full decentralization in 2022, and Near Protocol raised $150 for Web3 tech — all coming to you in this week’s Finance Redefined.17336
The Russian punk rock collective Pussy Riot plans to launch a DAO that will be promoting LGBTQ+ and female artists.3946
The blog post prompted participants of the platform to “trust code instead of corporations” in their pursuit of decentralization.3053
The AtomicDEX API claims to be compatible with 99% of cryptocurrencies in existence.5154
DeFi is one of crypto's biggest growth stories, but it's also riddled with the most controversy. The sector lost $1.3 billion due to exploits in 2021.2864
User experience is a make-or-break factor for DeFi adoption; fortunately, a wallet may be the bridge needed to overcome this barrier.1111
Blockchain industry insiders answer: What were the main crypto regulatory milestones in 2021, and what should be expected in 2022?171
Blockchain industry insiders answer: What were the main crypto regulatory milestones in 2021, and what should be expected in 2022?223
The threat of stablecoin regulation and USDT and USDC centralization are making decentralized stablecoins like MIM, FRAX and UST attractive to DeFi investors.11143
- Finance Redefined: Terra expanding UST and LUNA, and Aave Arc seeks institutional adoption, Dec. 31–Jan. 7
Terra Research presented a governance proposal to expand the influence of UST and LUNA, Aave Arc launched a DeFi pool for whitelisted projects, and WonderFi Tech purchased First Ledger Corp for $162 million — all coming to you in this week’s Finance Redefined.6706