Decentralization vs. Democracy in Crypto: Are They the Same Thing?
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Decentralization vs. Democracy in Crypto: Are They the Same Thing?
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This story was originally published on HackerNoon at: https://hackernoon.com/decentralization-vs-democracy-in-crypto-are-they-the-same-thing.
Decentralization and democracy aren’t the same, but they shape how crypto communities work. Learn the differences and what to check in any project.
Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #decentralization, #crypto-adoption, #on-chain-governance, #crypto-networks, #obyte, #good-company, #hackernoon-top-story, and more.
This story was written by: @obyte. Learn more about this writer by checking @obyte's about page, and for more stories, please visit hackernoon.com.
Decentralization refers to the distribution of power and infrastructure. Architectural decentralization addresses how many independent machines form the backbone of the network. Political decentralization indicates how many individuals or groups possess the power to make decisions that influence the operation of the system.
