How Can I Detect If A platform is decentralised Or not !!

H1N1

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Quote from: bp124 on January 14, 2019, 08:56:16 AM

Over a decade many project coming out promising a decentralize platform But later You will find out the system is Centralise !! One of them is Ethereum Network according to Blockchain expects !! I want to know if there a way to track if a platform is decentralised or centralised !!

There must be some explanations why the experts said Ethereum is centralize.
But for me, centralized means it is controlled by only one big party or organization.
Even many peoples says bitcoin is centralized, because it can only mined by ASIC miner to become profitable.

Aiberg

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CCECOIN

I am not really an expert in Blockchain but one thing I know for sure is that Blockchain always promotes transparency of transactions and one sure way to know if a platform is truly decentralised is that it would have a block explorer where all transactions can be viewed.

ityandsyn

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Quote from: bp124 on January 14, 2019, 08:56:16 AM

Over a decade many project coming out promising a decentralize platform But later You will find out the system is Centralise !! One of them is Ethereum Network according to Blockchain expects !! I want to know if there a way to track if a platform is decentralised or centralised !!

No third party controlling your fund is a system of decentralization like for example particularly in BTC and one particular example of centralize project is RIPPLE which is use for bank payments and now is accepted in shipping payments.

livingfree

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If you are not too knowledgeable and technical about the technology then you should start learning the basic concepts of decentralization. But there are also wise people that doesn't have to go through with such information. They all depend to the reviews of the technicalities of such project which saves time for them. But knowing what's centralized and decentralized, without further studies and research one can lie about their full potential of being a decentralized platform.

Aligab166

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Quote from: bp124 on January 14, 2019, 08:56:16 AM

Over a decade many project coming out promising a decentralize platform But later You will find out the system is Centralise !! One of them is Ethereum Network according to Blockchain expects !! I want to know if there a way to track if a platform is decentralised or centralised !!

To me, the true concept of decentralization of the blockchain is not yet in existence. All the cryptocurrencies are been issued, and controlled by the founders and can lock or unlock their tokens. Some of them can as well shutdown their services and everything will come to a standstill.

clipto

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There are several famous decentralised exchanges that are operating at the moment, especially IDEX, Fork and Etherdelta. These are proven DEXs and you can feel free to trade on them. Besides you can easily detect a DEX by having the funds on your wallet and be available to trade.

QNaka

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Using the example of Ethereum, we understand that the overwhelming majority of almost all new Altcoin are centralized, especially when it comes to exchange platforms. Decentralized projects are becoming less common. The only exceptions are projects that cannot yet be brought under control due to economic considerations.

disconnectme

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Unless we want to deceive ourselves there is nothing like 100% decentralised platform including Bitcoin, it is just that some platforms are more decentralised more than the other.

What you need to look out for is the amount of community participation and influence on the decision making on the platform, the amount of coins been held by the team and top 1% in the coins circulation

Adunni6758

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Just in a simple and understandable manner, for you to know that a platform or system is decentralized, there must not be a central storage system, where funds are distributed back to the respective owner, but that individual control the storage and transfer of their respective assets, without the interference of a third party.

cytpoway121

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I think Cryptocurrency in general is decentralized
But if you have doubts about a project you need to look deeper into the project and conduct researched
Ask questions too from their telegram chat

asder250

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If the project is based on Ethereum, then simple open the Ethereum contract and see who and how many tokens he owns, if he owns more than 51% tokens then it is not decentralized.

WalterGarrison

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Well depends what platform you mean. If exchange, most of all they are centrilized. There are some decentralized, but they are not ready yet to work fully. There are a lot of work. But sure they will be in a future. As for me I choose Huobi and happy. Especially when they launched Huobi Russia, I'm more than glad. Because there are a lot of restrictions come from a Binance. So I'd better use the exchange that will not ban my account.

Febo

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Quote from: bp124 on January 14, 2019, 08:56:16 AM

Over a decade many project coming out promising a decentralize platform But later You will find out the system is Centralise !! One of them is Ethereum Network according to Blockchain expects !! I want to know if there a way to track if a platform is decentralised or centralised !!

There are many aspects of decentralizatin when it come to cryptocoins. Rare projects have high level of decentralization on all accepts. More things you have centralized more chances is that your project will fail.

Quote from: Prompyboo on January 14, 2019, 10:45:22 AM

Only Bitcoin is decentralized. all projects that are appearing now are not and can never be decentralized

You are wrong

Prompyboo

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Only Bitcoin is decentralized. all projects that are appearing now are not and can never be decentralized

makishart

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Quote from: bp124 on January 14, 2019, 08:56:16 AM

Over a decade many project coming out promising a decentralize platform But later You will find out the system is Centralise !! One of them is Ethereum Network according to Blockchain expects !! I want to know if there a way to track if a platform is decentralised or centralised !!

Ethereum is not even centralized and you have been taking a wrong example. Ripple is even more centralized than ripple. Have you seen BTG and recently ETC? both of these coins are being centralized. To track how decentralized the platform can be determined through how much important the role from the community to the platform.

TheCrimsonFucker

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Well, you can understand decentralization in two ways, the first is that one or a group of people have no rights or control over a particular thing! The closest example of this is the blockchains that do not yet have viable economic ways of being controlled, perhaps quantum change? The second way is that one or a group of people or several groups of people have the same rights over a certain thing. It is clear that the first way is the most valuable and difficult to build.

Maknae09

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Quote from: SwiggHeart on January 14, 2019, 09:20:57 AM

Decentralized means you can manage your stored coin on the wallet independently without the hand of other people, much safer.

Or also, you have the total control of your funds that there is no third party that will going to hold your money. But I guess in crypto, some payments is done through escrow and services offered by known ones.

Awesomus Maximus

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Quote from: Piskeante on January 14, 2019, 09:23:56 AM

Decentralization was one of the biggest lies ever seen in this world related to crypto. Huge lie.

I think you are right. Unfortunately decentralization as imagined by Satoshi doesn't exist today. They are all centralized more or less. It could only be argued that some of the alts are more centralized than others. Another point to consider is that all new alts, by virtue of their nature, are very very centralized. And yet another, proof of work alts are less centralized than Proof of Stake alts.

Piskeante

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very easy. There is no platform decentralized, because all platforms are managed by big "hands".

Decentralization was one of the biggest lies ever seen in this world related to crypto. Huge lie.

SwiggHeart

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Decentralized means you can manage your stored coin on the wallet independently without the hand of other people, much safer.

Topic: How Can I Detect If A platform is decentralised Or not !! (Read 180 times)