How decentralization makes blockchains special?
There are two things in investing that I truly want to understand: blockchain and decentralization.
Today, I read an article that explains it clearly.
The first feature of blockchains is that they are decentralized. It is a phenomenon or structure that only appears in a system with many blockchain nodes or in a group with many individuals. This structure makes all transactions transparent to everyone involved.
Benefits of decentralization:
- Provides a trustless environment
- Reduces systemic failures
- Improves data reconciliation
- Optimizes resource distribution
Learn more here...
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~ the rookie trader
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