What Is DECENTRALIZATION in Crypto, Exactly?? Explained in 3 mins

“Decentralization” is a common term to hear in the cryptoverse. But what does it mean, really?
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Timestamps:
00:00 Intro
00:55 Security of blockchains
01:55 Blockchain Governance
02:29 Is it beneficial?
03:51 Outro
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[@CoinGecko]

Do you think decentralization is necessary in crypto? 🤔

[@SkyWalker.45B]

It's not crypto if it's not decentralized. it's just TradFi and VC-Fi.

[@chillgasm]

yes, it is. It's exactly why Cardano exists.

[@jaredt1983]

It is absolutely most important! It's the only feature differentiating crypto from banks and CeFi. You need make a follow up video outlining Edinburgh Decentralisation Index - the only open source science based decentralisation metric to date.

[@c.santiago3337]

Edinburgh Decentralisation Index has already come up with a base for a standard for measurment

[@kayodeoladipupo5378]

Nice one.

[@SkyWalker.45B]

Why not cover the Edinburgh Decentralisation Index?

[@chillgasm]

Cardano is the most decentralized and is the most focused on decentralization. Not surprised you didnt mention it though. Just buy $ADA bro

[@cryptojedii]

Cardano is old news