The Spectrum of Decentralization and Development Shifting to Fee-Less Chains like Hive
Development is shifting to fee-less blockchains. We're seeing a lot of attention around Elon's buying of Twitter but we're also seeing a lot of projects shift away from blockchains like Ethereum and toward lower-fee blockchains.
BSC's recent chain halt as a result of a hack on their BNBChain to BSC Chain bridge is a great example of how to leverage centralization.
I believe decentralization lives on a spectrum. Nothing is perfectly decentralized. We have some that are more or less decentralized than others. Even BTC has its own centralized issues.
Centralization and Decentralization both have their purposes. They will always live to a degree in any system.
The key is to understand the trade-offs of both and recognize each chain for what it is. What degree is it decentralized and how does that impact the way I use it?
About LeoFinance
LeoFinance is a blockchain-based Web3 community that builds innovative applications on the Hive, BSC, ETH and Polygon blockchains. Our flagship application: LeoFinance.io allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards.
Our mission is to put Web3 in the palm of your hands.
Twitter: https://twitter.com/FinanceLeo
Discord: https://discord.gg/E4jePHe
Whitepaper: https://whitepaper.leofinance.io
Our Hive Applications
Join Web3: https://leofinance.io/
Microblog on Hive: https://leofinance.io/threads
LeoMobile (IOS): https://testflight.apple.com/join/cskYPK1a
LeoMobile (Android): https://play.google.com/store/apps/details?id=io.leofi.mobile
Delegate HIVE POWER: Earn 16% APR, Paid Daily. Currently @ 2.8M HP
Hivestats: https://hivestats.io
LeoDex: https://leodex.io
LeoFi: https://leofi.io
BSC HBD (bHBD): https://wleo.io/hbd-bsc/
BSC HIVE (bHIVE): https://wleo.io/hive-bsc/
Earn 50%+ APR on HIVE/HBD: https://cubdefi.com/farms
Web3 & DeFi
Web3 is about more than social media. It encompasses a personal revolution in financial awareness and data ownership. We've merged the two with our Social Apps and our DeFi Apps:
CubFinance (BSC): https://cubdefi.com
PolyCUB (Polygon): https://polycub.com
Multi-Token Bridge (Bridge HIVE, HBD, LEO): https://wleo.io
▶️ 3Speak
https://twitter.com/1884771912/status/1584222405832060929
The rewards earned on this comment will go directly to the people( @shiftrox ) sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.
Yes I agree with you, it depends on how we use it, centralized and decentralized platform has their own purposes.
100%
Posted Using LeoFinance Beta
I believe every thing created sure has it ups and downs but trying to cub it is the best thing
!PGM
!PIZZA
!CTP
!LUV
BUY AND STAKE THE PGM TO SEND A LOT OF TOKENS!
The tokens that the command sends are: 0.1 PGM-0.1 LVL-0.1 THGAMING-0.05 DEC-15 SBT-1 STARBITS-[0.00000001 BTC (SWAP.BTC) only if you have 2500 PGM in stake or more ]
5000 PGM IN STAKE = 2x rewards!
Discord
Support the curation account @ pgm-curator with a delegation 10 HP - 50 HP - 100 HP - 500 HP - 1000 HP
Get potential votes from @ pgm-curator by paying in PGM, here is a guide
I'm a bot, if you want a hand ask @ zottone444
Cool
Your level lowered and you are now a Minnow!
Support the HiveBuzz project. Vote for our proposal!
I like the top you are wearing though🥳🥳🥳👍👍, just as graded, btc now decentralized than bsc and bsc much more than Solana. Weather decentralized or not, that's not the bone of contention what matters most is if the profit is been made. Happy Sunday from here.
Agree 100%
Understanding this is one of the core principles we need to understand in cryptocurrency.
Your last thought on the video blog was key. Decentralization and centralization are not inherently good or bad. They are tools, and it is the intent of the person using the tool which really matters.
Posted Using LeoFinance Beta
I agree 100%.
Decentralization and centralization exist on a spectrum, and everything we interact with in cryptocurrency has portions of both.
This means I also agree that decentralization and centralization are descriptions not absolutes in terms of good or evil. These descriptions describe tools and these tools can be used for good or evil, if we must use absolutes in the same sentence as those two words.
Posted Using LeoFinance Beta