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…




NFT is an Educational Media House. Our mission is to bring the invaluable knowledge and experiences of experts from all over the world to the novice. To know more about us, visit

Recommended from Medium


What is GamyFi ?

Meet Cookie3, the future standard of on-chain behavioural analytics

Cookie3 analytics

DAOStack 2: An Operating System for Collective Intelligence

MANTRA DAO to become Masternode Operator and Integrate TomoChain into its DeFi Platform

Mirror Protocol joins EasyFi ecosystem to bring Tokenized Stocks & Commodities Money Markets on…

Shine or die: What will happen to blockchain in 2019?

Blockchain’s foray into today’s world

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

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

More from Medium

The Prime Gaming Channel is Now Available on Amazon Luna for U.S. Prime Members

Interview: Andre De Castro, Founder, Blockchain of Things Live Interview on CryptoCurrency w/…

Tezos Token Standards Simply Explained

RE-ORG: Rise of the DAO // An Interview w/ Me, Me, Me…

RE-ORG: Rise of The DAO Interview — Seagull nipping at web3