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