crypto learn: what is a decentralized network?

By Nathan Pease | crypto learn | 29 Oct 2021


                                                                                 

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a basic network is formed when two or more computers connect and can share information.

basic network

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a network is usually structured by control

...

as a network, you're either more centralized or decentralized.

 

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centralized networks:

share information and value from one central server.

  • decisions, coordination, and leadership defined by upper management
  • focuses on brand & efficiency of network
  • standardized tools & methods of delivery across platforms
  • markets of innovation are approved

ex. (facebook's network has central control over instagram, whatsapp, fb messenger, fb marketplace, and oculus on their ecosystem.)centralized network

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decentralized networks:

share information and value from distributed servers.

  • decisions, coordination, and leadership defined by individuals
  • focuses on authenticity and innovation of network
  • independently developed tools & methods of delivery across platform
  • markets of innovation are self-regulated

ex. (cardano's network has no central control over the tokens, payment systems, lending services, or wallet information on their ecosystem.)

decentralized network

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My name is Nathan Pease. I'm currently studying Corporate Finance at the University of South Florida. My passion is blockchain/cryptocurrency technology. I am driven to make it my career.

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Nathan Pease
Nathan Pease

My name is Nathan Pease. I am a student at the University of South Florida. Currently, I'm studying finance at the Muma College of Business to make cryptocurrency/blockchain solutions my job one day.


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