What Does Decentralization Mean To Me? An Initiative
Curiosity is what got me in this digital economy, to know how blockchain works and how cryptocurrencies bear values to humans in the real life. The same reason also why I am still here in this blockchain. With the issue of the steem's governance, I am curious to see where will this fast-performing technology and a community of intellectuals, businessmen, developers and entrepreneurs be heading to. But I am always positive for real and concurrent ideas that those responsible individuals could come up into something that can fix these opposing paths in collision.
De/Centralization has been the most resonating words lately in the platform. In any blockchain community driven with passionate people of fixed views and of personal interests, decentralization varies differently on whether who's more authoritative to decide and execute or what should be the solution to be implemented for the sake of leveraging assets and technology at staked.
Decentralization is important(if not the most) to blockchain's core values of a trustless network. It undertakes no other than but a promise of greater good for a certain platform to evolve in ways where collective validity is needed. It means that the more decentralization there is in a governed body, the closer it can become to a perfect working system aligned with truthful protocols and rules.
Those arguments alone prove to me that one of the fundamental building blocks of a blockchain is the decentralized governance. It plays a vital role to curtain possible incoherence and imbalance of the network and its users. It encapsulates a protocol with the intervention of ethically inclined personas in decision making mechanism for blockchain's over all improvement including security, scalability, reliability, transparency and/or privacy and integrity.
Some fundamental building blocks of a blockchain:
- Machine Superiority - both hardware and software superiority that prides its reliability and functions to sustain lifelong service w/ less to no cost to avail.
- Real Life Use Cases - a digital system that has a concrete connection to the real world in providing convenience, products, data, service, power and so on.
- Uniqueness - More to offer from a blockchained product.