Decentralization

Decentralization (in blockchain) refers to the transfer of control and decision-making from a centralized entity (individual, organization, or group thereof) to a distributed network.


Decentralization solves trust issues by empowering multiple participants to manage a network.

Why are we so excited about the future of decentralization?

It's no surprise that many consumers, including Millennials and Generation Z, are uncomfortable putting sensitive data, money, and personal property under the control of a central authority. See what happened with Google, Facebook, and other corporate giants. Many scandals have reached the headlines.


Well, this is why our Collective is so excited about decentralization! Internet (Web3 based) offers a network / ecosystem that empowers multiple participants to manage a network instead of one central authority.


With decentralized internet based on blockchain, users can participate in a trustless system that has a low risk of systemic failure. How great is that??


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A positive and open culture.

Decentralization offers a bottom-up approach to running an organization or network, where authority is delegated and spread among many participants. They in turn feel empowered to manage and contribute to the system. This creates a positive and open culture.

Most decentralized networks work with open-source projects. Open-source projects offer the possibility that anyone can build apps, products, and services on top of the network. Participants seek the best way for an entire ecosystem to let the network growth.

Decentralization therefor isn't solely a technological approach. We think it's a mindset and culture.

Decentralization can turn the world upside down.

A decentralized internet, that isn’t controlled by corporations like Google and Facebook (that set most of the rules about what we can and can’t do online today) would definitely change the world. A world resistant to censorship sounds amazing and is within reach. The only thing is most internet users don't know it.

Do you want to flow on the same thought of 'decentralization' and you think decentralization is a good thing and the future? Please help us with sharing our website to others.

#manythanksinadvance #decentralization #mindset #culture

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