You have heard about decentralization a lot in Web 3.0 topic. Let's understand centralization and decentralization in deep π
Decentralization is a core tenet of Web 3.0
Centralization
Centralization is a form of organizational structure where the decision making capability rests with the top management
Useful:
- Higher performance and easier to implement
- Single point of failure: malicious actors may be able to take down the network by targeting the central authority.
- Participation in the network is controlled by the central authority.
Decentralization
Decentralization is another form of organizational structure that functions by delegating decision-making capabilities to multiple teams across geographies.
Useful:
- Lower performance and more complex to implement
- No single point of failure: network can still function even if a large proportion of participants are attacked/taken out.
- Anyone can participate in the network; there are no βgatekeepers.β Ideally, the cost of participation is very low.
Top comments (4)
Web3 is centralized (and inefficient!)
Thanks for the link. I've yet to see anything to convince me that "Web 3.0" has any positive aspects. Tor, beaker browser and other projects not focused on profit are far more interesting to me.
More info and links here...
The Problems with Web3 and NFTs
Jon Randy γ» Jan 30 γ» 2 min read
It's a new path, web2 and web3 will progress in parallel.