added by sari · updated 2y ago
A visual guide to decentralization | New_ Public Magazine
- Centralized structures can have virtues, such as enabling publics to focus their limited attention for oversight, or forming a power bloc capable of challenging less-accountable blocs that might emerge. Centralized structures that have earned widespread respect in recent centuries—including governments, corporations, and nonprofit organizations—hav... See more
from A visual guide to decentralization | New_ Public Magazine by Nathan Schneider
sari added 3y ago
- With no centralized authority, the control of a blockchain system is distributed throughout a network. But is a blockchain completely “decentralized?” According to Schneider, summarizing Ethereum co-founder Vitalik Buterin, consensus protocols like Ethereum “are architecturally and politically decentralized, but logically centralized, since they ma... See more
from A visual guide to decentralization | New_ Public Magazine by Nathan Schneider
sari added 3y ago
- A delegated structure, where, for example, an individual empowers her subordinates to operate with some independence, is another form of decentralization.
from A visual guide to decentralization | New_ Public Magazine by Nathan Schneider
sari added 3y ago