Topic: What is decentralization? And how will it help empower civilians? (Read 130 times)

I feel the same, your kind words are very much appreciated!

Thank you for taken the time to talk about the concept of decentralization which is one of the keys words of the cryptocurrency blockchain terminology. Encrypted Dollar coin I think would go very far in the blockchain experience.

yes you are right, but it is still a step in the right direction.
We will find our way

Although being decentralized can be seen fair to most, it's still far from being perfect. Being decentralized can be seen unorganized and can lead to chaos (well this is too far but you know what i mean), no one is in control and everybody's doing what they want, that's not how things should work. In terms of currency, a decentralization can be a plus but to other things like a corporation or organization, although people or civilians can build up their individuality, they'd still lack being as one or as a team. But i suppose it can be built later on.

In my terms, Decentralization is the process by which the activities of an organization, particularly those regarding planning and decision-making, are distributed or delegated away from a central, authoritative location or group.

As I understand, the main goal of introducing decentralization is security. Due to the dispersal and duplication of data into the network, providing the functioning of the currency. This is a very necessary thing for crypto-drivers

Decentralization is basically a term that states the transfer of authority from central to local government or the movement of departments of a large organization away from a single administrative centre to other locations.

Imagine being part of a communist government where all your revenue and income is taken by the government and distributed amongst the others or in some cases the government is so corrupted that they would keep all of that money to themselves. That is the best way to describe a central system but imagine a shift in power, where the civilians get to see everything and select and pass laws or solutions to problems, now that, my friends, is called a Decentralized system and there is nothing more fair than a decentralized.

We are lucky we skipped through all those unfair hardships and landed on this planet where most of the world is democratic. While some might argue that democracy is perfect, we have a lot of flaws in every system, corruption being a major one (humans and their greed).

The only way to fix corruption is by bringing decentralization to every system, thanks to our advancements in technology, there is something called blockchain which helps us intensely in converting any system out there to a decentralized one.

Right now the most corrupted environments are financial industries, we are all somehow involved in a huge scam directly sometimes indirectly, This scam we call “Banks”. First it began to help us store our wealth conveniently and made our transactions easier just by exchanging a slip that would give the others entitlement to the wealth we have stored in the banks. Ever since banks have gained such vast amount of power over people, they started dictating the rules which the governments are forced to comply on, as governments are usually bailed out or funded by these banks. Problems such as inflation and unexplainable transaction rates or exchange rates have always been on the rise. The only systems benefitting from this scam are the bankers and some government employees.

This is the field that is the first that requires a major change, decentralization of this system can be a major breakthrough in bringing justice to the civilians which will in turn help in advancement of the human race as well as end most wars.

The solution was proposed by someone by the name of Satoshi Nakamoto when he introduced Bitcoin to the world, a payment system that allows for anonymous transactions while all of it being decentralized and processed by regular civilians. However it had a lot of problems when it came to scalability and the transaction rates started becoming absurdly high and the blockchain processing time gets slower and slower as more and more people join the system.

Lucky for us, there are a ton of other companies trying to fix those issues and launching many solutions on a daily basis, one of them goes by the name of Encrypted Dollar Coin or EDollarCoin with the ticker ECD. ECD has probably fixed majority of the problems in the major Blockchain based currencies also known as Crypto Currencies.

While maintaining the anonymity, encrypted dollars have the fastest transaction speeds when compared to major currencies and banking systems. The best part is the transactions are done for free at literally no costs. The company’s team has intentions of bringing the barter system back with technological advancements and convenience, cutting off the middle men like banks and brokers, etc. The main intention for the launch of Encrypted Dollar Coin is to bring the power back into the hands of civilians, No one to control or dictate the decisions made by individuals involved in a trade or a deal. Encrypted Dollar Coin is a non profit organization that is going to generate revenue by partnerships and promotion of businesses.

The company has further plans of building blockchains that could help bring decentralization to other regions of the society.

Freedom for all.