The concept of decentralization has taken a central place in the context of Bitcoin, blockchain, crypto and Web3. But it has caused some of the most consequential misconceptions about Bitcoin and blockchain, leading to a common belief that Bitcoin or any other blockchain must restrict its scalability in order to be “decentralized.” The misconceptions have provided the...
Read more... The full content of this chapter is available in the two-volume book:
Bit & Coin
Merging Digitality and Physicality
Volume I: Digital Humanity’s Truth Layer - The New Internet, its Authenticity Layer, and Applications
Introduction
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Volume II: Bitcoin, Blockchain, and Beyond - Essays of Science, Economics, Law, Ethics, and Controversies
Introduction
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