Decentralization was the main purpose that “Nakamoto Satoshi” created Bitcoin, at least that’s what he claimed and most people accept.

in NutBox5 months ago

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Decentralization was the main purpose that “Nakamoto Satoshi” created Bitcoin, at least that’s what he claimed and most people accept.

An infamous case when a cryptocurrency suddenly became highly centralized is Steem. When Justin Sun took over Steemit Inc., he confiscated tokens of key community members who opposed this acquisition. Yup, when a cryptocurrency (any currency in general) is highly centralized, the security of your assets is basically non-existent. Whoever possesses the 51% power can take coins from whichever account he desires.