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Centralized

Jurassic World: Dominion Dominates Fandom Wikis - The Loop

01:25

After great community collaboration DYOR has rebranded into CryptoWiki.me 🥳 a moment to celebrate!

From now on all new information will be added within the CryptoWiki.mecommunity website! No longer over here. So be sure to move over to stay on top of new research developments!

Same content - better & cleaner experience 🤝

DYOR started out in 2015 on Fandom and has now grown to ~3500 pages on CryptoWiki.me 🤩

All the information that you can find in these pages is public knowledge with sources provided. The community is encouraged to add truthful and unbiased entries to further this body of work.

Follow @cryptowiki_me on Twitter to be up to date on pages being created or edited.

Basics

  • The opposite of decentralized.
  • Centralization is one of the key tenants blockchain technology tries to get rid of and overcome by, but not exclusively, consensus mechanisms like Nakamoto consensus.
  • When something is centralized it means it is owned by and benefited off of by one or a small amount of parties. Centralization is a structure in which the involvement of is guaranteed by subjection to another party which explicitly owns the said object of interest. Think traditional money (politically owned), data (owned by big tech companies), and so on.
  • Within cryptocurrencies, centralization often is talked about within the context of how many mining pools or staking pools there exist within a layer one blockchain, or what the admin keys are allowed to do within a DeFi DApp.
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