The Meaning of Decentralization. “Decentralization” is one of the words… | by Vitalik Buterin | Medium

“Decentralization” is one of the words that is used in the cryptoeconomics space the most frequently, and is often even viewed as a…

11 min read Feb 6, 2017 -- “Decentralization” is one of the words that is used in the cryptoeconomics space the most frequently, and is often even viewed as a blockchain’s entire raison d’être, but it is also one of the words that is perhaps defined the most poorly. Thousands of hours of research, and billions of dollars of hashpower, have been spent for the sole purpose of attempting to achieve decentralization, and to protect and improve it, and when discussions get rivalrous it is extremely common for proponents of one protocol (or protocol extension) to claim that the opposing…

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