Decentralization: Which Crypto's Aren't Centralized?! Let's Find Out!
Onto a slightly more pleasant topic, and it's time for a new video!
Here's a question for you: Which cryptocurrencies are the most decentralised?
I bet many of you would give me a different answer, and at the end of it all I'd have almost all the cryptocurrencies in the top 100 by market cap! Jokes aside, decentralisation is an important, but also complex metric.
For example, if you have a cryptocurrency with 1000 validators spread around the world but the company who made all the hardware is the same, is it decentralised? What if the blockchain can only be interacted with using a single infrastructure provider?
Logically, this means there's much more to decentralisation than just how many miners or validators a blockchain have. As far as I can tell, there are five distinct layers of decentralisation, and too much centralisation at any layer can make the rest irrelevant.
When you look at decentralisation through kind of comprehensive lens, you realise most cryptocurrencies aren't that decentralised.
If you're wondering which ones make the cut, you'll have to stick around until the end!
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⛓️ 🔗 Useful Links 🔗 ⛓️
► Andre Cronje Quits Crypto: https://cointelegraph.com/news/defi-g...
► Uniswap Governance Controversy: https://thedefiant.io/uniswap-proposa...
► Ethereum Infura Outage: https://decrypt.co/98457/metamask-eth...
► DyDx AWS Outage: https://cointelegraph.com/news/aws-ou...
► Uniswap Delists Tokens: https://cointelegraph.com/news/uniswa...
► Most Decentralized Cryptocurrencies According To Experts: https://cointelegraph.com/explained/w...
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📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
