Wondering Why Decentralized is better?

By Wolf2015 | My Crypto Info | 26 May 2021


We have already discussed the Infiltration of the federal Reserve, the IMF, the BIZ, and many other centralized Banks trying to use a centralized Digital Currency. The truth of the matter is the understanding of the difference between Decentralized Block Chain, and a centralized Network.

 

Centralized Network

 

First off, we have to put aside the myth that a centralized network is a Block Chain, it is not. A centralized network constitutes that a central authority has the control of the coin or token. I have looked at Quantum Code, and have found a disturbing problem. The code requires 10,000,000 Q bits to be controlled. That statement, no matter how you falsify it, proves centralization and is not in the best interest of the people.

 

A centralized network is programmed, and can be programmed, to subtract more than the network fee. This becomes a problem already. The entire protocol is based on a central unit of authority that controls every single function of this coin or token.

 

This by no means allows for the prosperity of the individual, but it only allows what that coin or token is allowed to gain in the protocol.

 

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Decentralized Block-Chain

 

A Decentralized Block-Chain, such as Bitcoin, Litecoin, etc., is not controlled by any central authority. It is however, verified by the miners to ensure transactions are verified. This allows for individuals to participate and keep the network safe, as well as the entire open source public ledger up to date.

 

I do not put my thoughts into this Quantum Financial System, due to the fact it is centralized, and the Central Bank is also calling for a great reset of Digital Currency that they can control. It is a proven fact that only Decentralized Block-Chains, that are free from being controlled by a single authority, are the only true cryptocurrencies that allow for free and independent prosperity.

 

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Summery: Decentralized Block-Chain is not controlled by any person or entity, it is kept alive by computers or miners in order to verify the transactions. This is what allows free distribution and not allow for a complete authority over the use or design.

 

In conclusion, when it comes to your money, the best thought you should have is to be sure that the coin is decentralized and not under the control of any single authority. If it is centralized, it is not a true cryptocurrency.

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Wolf2015
Wolf2015

Author, Veteran, Journalist, Investigator, Patriot. Determined to staying Curious as My teacher, who passed, always told me to do. Believe no one, Listen to everyone, but only trust what you yourself can verify with your own research. Never believe anyone


My Crypto Info
My Crypto Info

Education of cryptocurrency from a person who actually lives off of mining and how to understand the many ways you can earn. Must research all for yourself, because results can vary depending on your miner and internet connection

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