Nerd For Tech
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Nerd For Tech

3 ways in which Decentralized Systems are not Decentralized Systems

How labels deceive

Decentralization is touted as a key advantage of most decentralized systems.

For example, a crypto-currency built upon a blockchain-based distributed ledger is “decentralized”. In contrast, the national monetary system controlled by a central bank is “centralized”. The decentralization in the former might be considered an advantage over the latter because members are protected from arbitrary monetary policy (e.g. controlling money supply) by a central authority…

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