It’s time to give control over personal data in megadatabases managed by a handful of corporations and governments back to the people.
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
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The gaming industry is rapidly growing, and the emerging play-to-earn model coupled with blockchain and the Metaverse is the future.
28800Blockchain technology promises to be the foundational network layer for many systems underpinning successful smart cities.
9401On the back of the incredible crypto market recovery and the boom in NFT markets, the DeFi market has grown 18% in October.
14056Mirror opens decentralized blogging to the public, a Bank of America report is bullish on DeFi, and MakerDAO considers climate initiatives.
6087Compound protocol has placed $150 million worth of COMP tokens at risk, but a bug fix is likely to remedy the situation after giving the community a scare.
3319Presearch is a default search engine on all new and factory-reset Android devices sold in the U.K. and Europe.
5106Crypto advocates remind socially accountable and helpful media platforms are possible with decentralization.
5414During the outage, many Crypto Twitter users called for the need for a decentralized social network built on blockchain.
37009Blockchain tech allows for the creation of a community-governed system that is fundamentally incompatible with traditional finance.
8576Is every chain of blocks a blockchain? What is the fundamental difference between private and public networks?
8550Data shows that crypto holders are increasingly shifting to DeFi protocols and DEXs as China continues its cryptocurrency crackdown and fears of heavy-handed regulation scare US-based traders.
6810CELR soars to a new all-time high following the launch of its cross-chain bridge that allows traders to jump back and forth between various layer-1 and layer-2 platforms.
7978Traders raised their bids for the decentralized exchange token, believing it would benefit from China's decision to classify all crypto transactions as "illegal."
10301"NFTs represent the future of content on blockchains," said Roll co-founder and CEO Bradley Miles.
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