Are The Cryptos You Bought Really Decentralized?

What Is Decentralization And Why Is It Important?

What Does It Mean When A Cryptocurrency Is Decentralized?

  1. There is no single point of failure (architectural decentralization).
  2. There is no individual or single organization that controls the whole system (political decentralization).
  3. The network can be cut into half and each half functions like an independent unit (logistical decentralization).

Is Crypto Really Decentralized?

1. Distribution of Nodes

Click me.

2. Mining Operations

3. Distribution of Currency

4. Leadership Structure

  • Programmers and software engineers need to be compensated for their work.
  • Even if volunteers can contribute to a project on Github, competent people are needed to combine and test the code.
  • Other people with special skills and knowledge such as marketers are needed to drive the project in the right direction.
  • When a project grows, so do requirements regarding planning, coordination, and administration. All of that needs to be coordinated.

Final Thoughts

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Garbage man turned millionaire 🗑️➡️💰 Teaching you how to research & invest in crypto 🔬🔑📈 Follow me on Twitter: @ren_heinrich

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Ren & Heinrich

Ren & Heinrich

Garbage man turned millionaire 🗑️➡️💰 Teaching you how to research & invest in crypto 🔬🔑📈 Follow me on Twitter: @ren_heinrich

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