Questions tagged [decentralised]

CharmedWhisper Sat Nov 02 2024 | 0 answers 0

The first decentralised crypto is Bitcoin, which emerged as the world's first cryptocurrency. It allows peer-to-peer value transactions outside the existing financial system, powered by mass collaboration and verified by computers solving complex mathematical problems.

CryptoWanderer Mon Oct 07 2024 | 0 answers 0

Could you please elaborate on what makes a blockchain the most decentralised? Are there specific metrics or criteria that can be used to determine the level of decentralisation in a blockchain network? Is there a particular blockchain platform that is widely considered to be the most decentralised, and if so, what are its distinguishing features that set it apart in this regard? Additionally, how does the decentralisation of a blockchain impact its security, scalability, and overall performance?

Carlo Sat Oct 05 2024 | 5 answers 1268

Are cryptoassets truly decentralised, or is there still a degree of centralisation within the system? For instance, is there a small group of individuals or entities that hold a significant amount of control over the network, or are there any aspects of the system that are still vulnerable to manipulation by external forces? Additionally, are there any regulatory bodies that have the power to intervene and alter the course of the cryptoasset market, thereby diminishing its decentralised nature? It's important to understand the full extent of decentralisation in cryptoassets in order to make informed decisions and investments.

CryptoWizardry Mon Sep 30 2024 | 6 answers 1427

Could you please elaborate on the fundamental differences between centralised and decentralised crypto exchanges? How do they operate differently, and what are the advantages and disadvantages of each model? Additionally, how do these differences impact traders and investors in terms of security, speed, and fees? Understanding the nuances of these two types of exchanges is crucial for navigating the cryptocurrency landscape.

alexander_watson_astronaut Sun Sep 29 2024 | 7 answers 1190

Could you clarify whether Arbitrum is indeed a decentralized platform? As someone in the cryptocurrency and finance space, I understand the importance of decentralization in ensuring trust and transparency within a blockchain system. Does Arbitrum's architecture and operations align with the principles of decentralization, or does it incorporate some centralized elements? Understanding this aspect is crucial for potential users and investors to evaluate the platform's potential and risks.