Advantage of Blockchain Decentralization?
Decentralization:
“Decentralization” is one of the most frequently used words in crypto economics concepts, and is often even considered as the whole raison d’être of a blockchain, but it is also one of the words that perhaps defines itself. worse.
Thousands of hours of research, and billions of dollars of hashpower, decentralized application development have been invested for the sole purpose of trying to achieve decentralization, and to protect and improve it, and when debates are at odds it is all too common for proponents of a protocol (or of an extension of the same) affirm that the contrary proposals are “centralized” as a definitive argument of demolition and discredit.
Three types of decentralization:
When talking about software decentralization, there are actually three different axes of centralization/decentralization that you can refer to. Although in some cases it is difficult to understand how you can have one without the other, in general they are quite independent of each other. The axes are the following:
Architectural (de)centralization : how many physical computers does a system consist of? How many of those computers can tolerate a failure at any given time?
Political (de)centralization : how many individuals or organizations ultimately control the computers that make up the system?
Logical (de)centralization : Are the interface and data structures that the system presents and maintains more like a single monolithic object or an amorphous swarm? dapps development services, A simple heuristic is: if the system is cut in half, including both providers and users, will both halves continue to function fully as independent units?
Advantage of Decentralization:
The benefits of decentralizing or formally defining agreements through smart contracts are only really powerful, in my opinion, if these smart contracts are executed in a distributed system. What does this mean? A system with a high degree of decentralization in which the horizontality of the relationships between nodes guarantees the immutability, transparency and permanent nature of the persisted data.
Public blockchain networks, also called “permissionless” in English, have the advantage that there are no nodes with filtering power, they are decentralized networks. That is, anyone can set up a new node, a new “server”, and become part of the network.
Decentralization basically consists of the fact that operations that have historically required the figure of an intermediary can now be carried out directly between peers. Let’s say that decentralization empowers the citizen, the user, the client, substituting the blind faith that the client had to have in a provider or the citizen in an institution. That blind faith is replaced by a service that gives a certainty. The certainty that the system does what it claims to do and that tomorrow it will continue to function regardless of institutional changes, political changes. That certainty is an inherent part of the system. If two individuals want to exchange assets, sign an agreement, conduct a financial transaction, share files, or have a conversation, dapp development company the decentralization of technology It allows them to do it without a “middle-man”, without an intermediary, without a character who is in the middle of that communication. This eliminates bottlenecks, possible censorship, data manipulation, breaches of contract from the equation and, ultimately, eliminates what we said before, leaps of faith.
Of course, the distributed technologies that we usually refer to as “decentralization” are still very early in their development—we’ve been around bitcoin for a decade, for example. Much remains to be improved, but at least today we can already say that they allow cost reduction, minimize the presence of human errors and free users from those historical dependencies generated by intermediaries.
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