Understanding The Main Principles Of Decentralization
This article will help newbies understand the basic principles of blockchain decentralization.
This article will help newbies understand the basic principles of blockchain decentralization.
We will explain that decentralization is a scale and a dynamic process, that two single points of failure can become one, and that being sure of security is more than just an assumption.
We will focus on block production and not governance. However, the principles are often similar. Decentralization is scale Decentralization is not a binary value that can be turned on and off. Decentralization is scale.
The lower bound is known. If there is only one dominant actor in the network who has absolute control over the production of blocks, the network is centralized. The upper bound is more difficult to define.
Ideally, every participant in the system should have the same decision-making powe Read article: Understanding The Main Principles Of Decentralization
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