The analysis of the Ethereum Network, the decentralization and the role of the CRYPTO SWAP decentralization fund in the decentralized ecosystem - the trend of the Revolutionary era, are as follows.
There are many who have heard the word "decentralized" and partly visualize its basic meaning. However, there are still misconceptions and misconceptions about decentralization. Today we will go deeper into the topic of decentralization and explain its importance, thereby precisely defining the close connection between electronic and decentralized money.
Important terms: What is decentralization?
Before we get started, let's get to know some of the key terms:
Centralized - Subject to management, control, direction and disposition by a single agency. The example here is the US government. When US dollars are cast under the permission of the US Congress, that means the US dollar is "backed" by the US government, so it can be trusted by anyone in the government system. And so, if the US government collapses, the US dollar will disappear. In terms of information technology, this means that a server will specialize in managing and controlling other machines. If the server dies, the machines connected to it die.
Decentralized - A system that does not have an independent individual / organization, or a server that has control over other machines. Ethereum is a concrete example of a decentralized currency, with the fact that the currency is no longer printed and valued by any organization but created and priced by the community. co-use it. In terms of IT, this means that no specific device is needed for the system to function.
Distributed - The definition of distribution is basically similar to decentralization / decentralization, but the network will now have a series of participating devices, and if a machine stops functioning, the system still running.
1. Be open and transparent
With a decentralized system, all participants, including third party developers, developers, and entrepreneurs, interact with one another. No intermediary has the right to hold capital during the transaction. Therefore, it increases the transparency and reliability of the participants.
2. Maximum security
Given the high degree of integration and interaction of the participants, the vulnerability of a hacker system is very low; Because hackers have to pass each other's systems one by one to hack a single electronic money network, as hacking becomes more difficult than ever.
3. Consensus, homogeneity
In this case, all market participants and members of the pre-coding community will jointly vote on the decision. The opposite is the centralized system, where people are subjected to control by an organization, and sometimes they make unlikely changes that will benefit everyone.
Decentralized as being a solution for problem concentrated system can be seen with by us. Platforms stick to a lifecycle that is predictable. They can do everything that they can to recruit 3rd party complements and consumers like developers, companies, and media organizations , when they start off. They can do this to produce their companies more valuable, as platforms (by definition) are systems with multi-sided system impacts. Their power more than 3rd parties and users steadily grows as the adoption S-curve moves up.. you can look illustration picture below