The Land of the Free: Why Decentralization Matters in the Crypto Republic

On May 30, Tezos implemented the amendment Athens A, as the result of a voting process that involved its baker nodes (the Tezos equivalent of “miners”) from Feb. 28 to May 30.On the very same day, another fast-growing young company backed by a cryptocurrency, Iota, announced an important step toward total decentralization, substituting its Coordinator mechanism with the new Coordicide tool.Coordicide will perform the same functions of its predecessor, ensuring transaction security and preventing double spending. However, the new protocol will allow the peculiar Iota block creation process to work in a fully decentralized and permissionless manner.It is impossible to know which answer to the issue of blockchain governance will become dominant in the future; however, it is plausible that the fundamentals of human behavior will be part of it, alongside mathematics.

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