Decentralization Versus Centralization: What It Is, How It Works, Where Is It Going and Which One Will Rule Supreme?

in #crypto6 years ago

Cryptocurrency enthusiasts around the world have proven to be more than opinionated on all aspects of the blockchain technology. These polarizing opinions have caused a split into two camps: those in favor of centralization versus those in favor of decentralization.

At its’ core, cryptocurrency was designed to be decentralized, without any connection to a government or any single entity. But the recent cryptocurrency market downturn and regulatory headwinds have given the rise to a number of centralized cryptocurrencies.

Will decentralization or centralization be the future of cryptocurrencies and crypto-assets? Or can both approaches coexist?

Read more: https://hackernoon.com/decentralization-versus-centralization-what-it-is-how-it-works-where-is-it-going-and-which-one-a725de8426ec