Decentralized Domination? 40% Of Crypto Platforms Buck The Centralized Trend:...
A newly released report by the World Federation of Exchanges (WFE) sheds light on the current composition of crypto trading platforms, highlighting that 40% are decentralized. Notably, the findings from the report mainly reveal a glimpse into the dynamics between centralized and decentralized trading platforms and the overarching behavior of retail and institutional investors. Related […]
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According to Bloomberg, decentralized finance (DeFi) projects operate through automated contracts and are usually helmed by collective entities rather than single individuals. This collaborative nature of governance has often posed challenges for regulators. However, leading financial institutions are now questioning the narrative surrounding DeFi. Related Reading: Decentralized Domination? 40% Of Crypto Platforms Buck The Centralized […]
SEC chairman Gary Gensler stated that many DeFi projects are “highly” centralized in certain aspects, as they are developed by a “core group of folks” who are incentivized to promote their platforms. Gary Gensler, chairman of the U.S. Securities and Exchange Commission stated that DeFi is highly centralized in certain aspects and urged projects working in the sector to register with the SEC. Speaking to The Wall Street Journal on Aug. 19, Gensler suggested that the decentralized notions implied by the term DeFi were “a bit of a misnomer,”:“These platforms facilitate something that might be....
I. The flaws of centralized social media platforms & the problems can be solved by their decentralized counterparts Today we use social media applications such as WeChat, Discord, Twitter, and Facebook to transcend spatial/temporal limits and communicate with others, thereby minimizing the time needed for communication or social interaction. However, such centralized social media platforms […]
NFTs and the Metaverse are the hottest topics in the cryptocurrency ecosystem right now, but the next big thing might just be decentralized social media. Like decentralized finance, decentralized social media platforms dont have a centralized governing body and may, someday, provide viable alternatives to established platforms like Twitter, Instagram, Facebook and TikTok. The technology is currently evolving just beyond the embryonic stage of development.Yung Beef, or YB who serves as content lead and community manager at Subsocial says that centralized social media platforms are unfair to....
The concept of decentralization isn’t being given the respect it deserves — and change is needed. Decentralization: It’s a word that holds so much power and promise. But over the years, it’s become painfully clear that this concept isn’t being given the respect it deserves — and the consequences can be downright dangerous.We live in a world where DAOs aren’t DAOs, where independent validators aren’t independent, and where PR departments breezily gloss over the fact that some blockchain projects are far more centralized than they may seem.Emotionally and financially, countless crypto....