ASK LEO;Does Centralization or Decentralization Matter in the Weight of a Crypto Or Exchanges?
Alot has been said and believed about centralization and decentralization as involving Cryptocurrency, so many dilemma to digest as some sorts of arguing might pop of as pertaining to the weight of some old time crypto's which has already made their names, easily recognized and of much weight as there tends to be some sorts of miscalculation or disbeliefs on the power of centralization and decentralization on both new and old crypto in respect to their earnings and making waves.
I wouldn't continue until I have to welcome us all to a very new day with new challenges of it. Good morning to us all from this part of the world, a very warm welcome of the lions on the hive Blockchain, may we make breakthrough today.
As I was listening to the podcast from one of our leaders on the community which is @khaleelkazi about decentralization and centralization on crypto, following that concerning the decentralization of #bsc just as #btc. As he made mention on the decentralization hierarchy as regarding #btc being more decentralized than BSC, and BSC much more decentralized than Solana as the hierarchy goes on and on with involvements with other crypto.
Employing on my take on this as pertaining decentralization and decentralization via crypto, yes we know that they serve specific purposes and limitations as they employ on some uses and also has some it's saving Effects when looked at the hacking involving Binance as its centralization saved it from alot of stress and money too causing it to retain it's dignity to an extent. But having to see that decentralization have its own powerful outcome in that one is actually the mastermind to the actions taking which involving one have full control of works done on it such as what is been seen on #hive .
One can argue or have it's on thought on centralization as that involving DEXs making it more popular and of great effect on it's users but still has decentralization has its own view and powerful gains too, just take a look at what hive could have been if it's decentralized.
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