motivation: Is Ethereum decentralized (enough)? Explain your answer in the comments.

📈📉 Decentralization Index

The concept of decentralization plays a pivotal role in shaping the nature and resilience of bitcoin and digital assets. Decentralization refers to the distribution of control and decision-making across a network, aiming to reduce reliance on a single authority. A key metric often discussed in this context is the decentralization index, which gauges the degree to which digital asset operates without a central governing body.

to community:

In exploring the significance of decentralization in bitcoin and digital assets, it's crucial to consider diverse perspectives. As the crypto space continues to evolve, engaging in conversations about decentralization can shed light on its implications for the future. Please add your questions and if possible some answers 😃

How do individuals within the crypto community perceive the importance of decentralization ?
Does a higher decentralization index positively influence trust ?
What are your thoughts on the role of decentralization ?
And lastly, is there any website where I can see the chart ?

52 sats \ 0 replies \ @Rock 15 Nov 2023

Nice post. Without going into too much detail on each of your questions:

How do individuals within the crypto community perceive the importance of decentralization ?

I think that decentralization is absolutely a core principle of bitcoin if not the most important principle. Money under the control of central groups / authority has always shown to be corrupted.

Does a higher decentralization index positively influence trust ?

If you mean that as a network becomes more decentralized people trust it more, In general I'd agree.

What are your thoughts on the role of decentralization ?

Decentralization is the key to censorship resistance.

And lastly, is there any website where I can see the chart ?

I wish.

My question:

Do some protocols work better with less decentralization / (more centralization)? If so what types of protocols would require less or more?