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S2S BlockchAIn
Home
Recently Added
Live News and Charts
About Me
Crypto
Bitcoin
Bitcoin ETF's
Proof of Work
Decentralized??
Cardano
Cardano Whiteboard
Proof of Stake
Quantum Proofing HB Signatures
ADA "Simplified"
Partnerships!
Ethereum
Ethereum 2.0 Upgrade
Smart Contracts
AI
Track My Crypto
How to Videos
Website/App Links
Enthusiast?
Blockchain
SCM Usages
Real World use Cases
More
Home
Recently Added
Live News and Charts
About Me
Crypto
Bitcoin
Bitcoin ETF's
Proof of Work
Decentralized??
Cardano
Cardano Whiteboard
Proof of Stake
Quantum Proofing HB Signatures
ADA "Simplified"
Partnerships!
Ethereum
Ethereum 2.0 Upgrade
Smart Contracts
AI
Track My Crypto
How to Videos
Website/App Links
Enthusiast?
Blockchain
SCM Usages
Real World use Cases
Decentralized??
Bitcoin’s Decentralized Decision Structure
With the introduction of bitcoin, the world got not just a new currency, it also got evidence that a decentralized control structure could work in practice for institutional governance. This Commentary discusses the advantages and disadvantages of centralized and decentralized control structures by examining the features of the bitcoin payment system. We show that while the decentralized nature of the Bitcoin network "democratizes" payments, it is not obvious that the approach increases the equity or efficiency of markets or that the costs of the decentralized control structure won’t outweigh the benefits in the long run.
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