Which blockchain is the most decentralized? Experts answer
Here’s what emerging tech representatives think about the decentralized nature of blockchain technology and which network is the most decentralized. Vasja Zupan of Matrix Exchange:Vasja is the president of Matrix Exchange, a regulated digital-asset exchange operating globally.“Bitcoin is the most decentralized and stable blockchain network there is. It has survived countless challenges, and decentralization ensures its resilience. Only a truly decentralized network can survive hindrances from block size wars and forks to regulatory pressure. While new anonymous networks are available....
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Bitcoin is a hot topic of discussion these days and so is the technology behind it, which is also known as blockchain. While the market experts view both of them with interest, several experts are now focusing solely on the blockchain technology. Considering these developments in mind, several Bitcoin users are now thinking over the future of this digital currency. Jeff Garzik who is the CEO of Dunvegan Space Systems was asked by the IBTimes UK on how the Bitcoin could be adapted in the future. His answer shows that even experts feel that it is too early to build an opinion on this issue.....
Here’s what decentralized finance experts think about either Ethereum or Bitcoin as the future of DeFi. Decentralized finance is one of the most promising and indeed the fastest growing ecosystems within the crypto and blockchain space. Total value locked in DeFi — a measure of the total value of assets committed to the DeFi ecosystem — has been approaching the $40-billion mark this month, which indicates a value increase of around 200 times since February 2019. And 2021 has just started, promising some major developments for the DeFi space. Related: Was 2020 a ‘DeFi year,’ and what is....
Jonathan Victor noted that storing data off-chain doesn't mean it's centralized. It's still decentralized when it's done thoughtfully. Nonfungible tokens (NFTs) are advertised as blockchain-based technologies, there are misconceptions about how they are stored according to two experts. They argued that technically, these tokens do not exist in the blockchain but are actually stored elsewhere. In a Cointelegraph interview, Jonathan Victor, the Web3 storage lead at Protocol Labs and Alex Salnikov, the co-founder of Rarible, discussed decentralized storage, the future of the NFT space and....
CoinTelegraph continues in-depth coverage from Bitcoin2014 Amsterdam with more expert exclusives, this time to answer the question on the lips of the entire community: What are the challenges Bitcoin will face in future? We conducted video interviews with some of the most well-known figures in cryptocurrency to get their opinion. The responses are hugely varied, as could be imagined, and come from all areas of the community from household names like Coinbase and Blockchain.info to outside investors and commentators. The issue of public acceptance was frequently raised, and experts offer a....
Billboard recently reported that two companies, PeerTracks and Ujo, are building a system which would attempt to solve the issues that music world is finding it hard to deal with, i.e., licensing and global royalty distribution. And here is the part that will be 'music' to our ears as well; it plans to use blockchain technology to do so! Blockchain is a highly decentralized network run by people who update all transaction in real time. What makes this network transparent is that these individuals are not under any company. These records are kept on a public ledger which is open to anyone....