Skip to content

Decentralization, a widely misunderstood concept

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 IDigital Humanity’s Truth Layer - The New Internet, its Authenticity Layer, and Applications
Order on Amazon

Volume IIBitcoin, Blockchain, and Beyond - Essays of Science, Economics, Law, Ethics, and Controversies
(coming soon)