Decentralized applications, commonly known as dApps, are one of the most exciting technologies to emerge from the blockchain revolution. dApps are digital applications or programs that exist and run on a decentralized peer-to-peer network rather than a single computer. This differs from apps as we know them today, which are built around centralized services and…
Smart contracts are self-executing lines of code that facilitate automated transactions and agreements between parties. They are a key underlying technology enabling the decentralized models emerging across finance, organizations, governance, and more. In this article, we take a deep dive into this revolutionary tech; its basics, history, and functionality. Smart Contract Basics At a basic…
Smart contracts are self-executing lines of code that facilitate automated digital agreements and transactions between parties. While early smart contract development focused on applications in crypto-native spaces like decentralized finance, innovators are discovering countless use cases in mainstream business and governance. In this article, we examine how smart contracts are already being deployed by companies…
A group of Ethereum staking services have agreed to self-limit their share of the network’s validators to 22%. The move is intended to help ensure the network remains decentralized and prevent any single entity from gaining too much control. The services that have agreed to the self-limit include Rocket Pool, StakeWise, Stader Labs, Diva Staking,…
Decentralization refers to the transfer of control and decision-making from centralized authorities to distributed entities. While decentralization offers noteworthy benefits, its implementation surfaces many nuances and grey areas regarding optimal structures. Proponents of decentralization often fault centralized models for their bottlenecks, lauding decentralization holy grail for distributing wealth and enabling equality. However, like existing traditional…
Blockchain technology and cryptocurrencies are laying the foundations for potential major shifts in how economies function through increased decentralization. By distributing control from concentrated intermediaries to broader peer-to-peer networks, economic processes from finance to corporations could transform. While the idea of a fully decentralized fully is highly hypothetical and may seem like something from a…
Decentralization refers to the transfer of authority and power from centralized concentrations to distributed others. While blockchain technology is enabling new decentralized models, the pursuit of decentralization has a rich interdisciplinary history across governance, business, technology, and economics. Examining key milestones in decentralization’s evolution provides helpful context. Early Conceptual Origins The seeds of decentralization first…
Decentralization refers to organizational and technical structures that distribute control, authority, and power across a broad base rather than concentrating it with a specific central entity. As blockchain technology enables new decentralized models, examining the meaning and implications of decentralization is essential. Defining Decentralization At a high level, decentralization means dispersing control and decision-making across…
In cryptocurrency networks, masternodes play a critical role in validating transactions and enabling key services through dedicated server infrastructure. Running a masternode requires non-trivial investments but provides financial rewards. This guide provides a detailed information about the Masternode concept and how it works. Masternode Basics A masternode is a type of full node server for…
Blockchain definition and how DECENOMY uses this technology A blockchain is a technology that is revolutionizing the way we store and manage digital information. Initially introduced alongside Bitcoin, the blockchain concept has since evolved beyond financial transactions. True blockchain definition Imagine a record book that isn’t controlled by a single authority, but is distributed across…
