The 5-Point Crypto Decentralization Checklist

In our last piece, we outlined some of the likeliest ways in which cryptocurrencies tend to exhibit centralization. Whether a particular cryptocurrency can be considered “sufficiently decentralized,” however, is not something that’s set in stone – no official metric exists to determine such a parameter. But given the crucial role that decentralization plays within the blockchain ecosystem, it is worth investigating the extent to which it applies in practice. A checklist can help in this regard. So, in this second piece, we list five questions you can ask yourself to determine whether or not a cryptocurrency is decentralized to a…...