Decentralization or decentralisation is the process by which the activities of an organization, particularly those regarding planning and decision-making, are distributed or delegated away from a central, authoritative location or group and given to smaller factions within it.[1]
Concepts of decentralization have been applied to group dynamics and management science in private businesses and organizations, political science, law and public administration, technology, economics and money.
Imagine you are in a busy market, and all the sellers are willing to accept only certain payment types. A customer holding fiat in his wallet experiences discomfort as he cannot easily swap or buy anything. This is similar to the existing situation with…
The DeFi industry has yet again made headlines with the just concluded Chainlink integration Data Streams service onto Avalanche. This information was made public through Chainlink’s official Twitter handle and could be a turning point for the two platforms by linking Chainlink and Avalanche…
Monero was a result of a community-driven fork from BitMonero. Monero was launched on April 18, 2014 and is the leading privacy coin in the Cryptocurrency market. It was inspired by a 2013 white paper on the CryptoNote technology called Nicolas van Saberhagen. The coin is famous for…
Finance and technology, each known for their unique vocabularies, have increasingly leaned towards the crypto domain. This shift has created a fusion that can feel like navigating a complex network for novices. One of the critical terms encountered early on is “mainnet,” an abbreviation…
Decentralized crypto exchanges, or DEXs, are like digital platforms on the Blockchain that facilitate extensive trading of cryptocurrencies among numerous users. Unlike the traditional method, where they act as intermediaries connecting buyers and sellers, DEXs rely on automated algorithms. These algorithms, essentially smart contracts,…
Now that ‘The Merge’ is behind us, Ethereum (ETH) is gearing up for its next major enhancement, better known as ‘The Surge.’ This strategic move hopes to solve the long-debated problem of soaring transaction fees. Curious about Ethereum’s roadmap? Walk with us in this excerpt as…
Decentralization is slowly becoming a key innovation in Blockchain technology and one of the most important characteristics of web3 protocols. The path to decentralization is complex as it necessitates making significant adjustments and revaluating the protocols’ basic operation. Vis a vis Web3, decentralization emerges…
