Sergey Nazarov on Why the World Needs a New Model of (Cryptographic) Trust
The Breakdown
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The Decentralization of Cryptocurrency
The decentralization is a vector by which the ability for it to be controlled, tampered, compromised by an individual interest or an individual institution's interest is reduced. So within DeFi, imagine if you had a bank account, or you had a counterparty where you put your assets into, and you knew every single thing that was going on within that bank. That sort of deterministic guarantee is expanding from these very simple, clear use cases like transaction ledgers.
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