Nerd For Tech
Published in

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…

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Nuwan I. Senaratna

Nuwan I. Senaratna

1K Followers

I am a Computer Scientist and Musician by training. A writer with interests in Philosophy, Economics, Technology, Politics, Business, the Arts and Fiction.