added by Alphatu and · updated 2y ago
The Meaning of Decentralization
- Decentralization can be thought of as a single design challenge that spans three different, but interrelated elements: technical, economic, and legal. Understanding the differences in these elements is key to designing web3 systems because design decisions with respect to one affects the others.
from Decentralization for Web3 Builders: Principles, Models, How - a16z crypto by Andreessen Horowitz (AZ)
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What do we mean by “decentralization,” anyway? It’s a capacious term, and in the past few years it’s been tossed around more freely than ever. Flocks of birds, free-market economies, cities, peer-to-peer computer networks: these are all considered examples of decentralization. Yet so, too, in other contexts, are the American public-school system an
... See morefrom The Wisdom of Crowds by James Surowiecki