The crisis led people to examine what the problem was, and many came to the conclusion that it was centralization. Though it brings benefits, it also poses many risks like data breaches, or worse — an economic collapse. For this reason, Bitcoin was created. Many believe that the easter egg “Chancellor on brink of second bailout for banks” that was written on Bitcoin’s genesis block was a call to move from centralization to the use of blockchain and cryptocurrency.
Bitcoin introduced us to decentralization. However, despite being decentralized in nature, blockchain and crypto somehow managed to adopt centralized mechanics. But maybe those da…
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Source: Cryptocurrency - investing.com
