We the consumer in this web3 world are told that it democratizes access to participation, influence & opportunity. In this video by Verus community member @creativeninja, the points of centralized components of the decentralized world are highlighted. And it begs the questions of which mix of decentralized function is ok?
The transcript from this talk is available at the KomoDeFi transcripts repo on github.
In the talk, Bradley mentions Infura, Alchemy & MetaMask as examples of dApps that run on centralized infrastructure. The article about blockchain nation states linked in the opening paragraph cites BNB Chain as this centralized infrastructure, but decentralized token distribution.
A network can be decentralized when it comes to its token distribution but at the same time run on a centralized infrastructure. Binance Smart Chain is a good example of that.
https://danajwright.medium.com/blockchains-as-nation-states-54662f7902ce
Governance means different thing to different parties, but tackling the blockchain governance problem is being done by multiple projects. In my experience with the Openfood Chain, the governance is centralized around the industry consortium by forming a governing foundation.
Another network could be decentralized when it comes to number of nodes and physical locations of nodes, but centralized when it comes to governance. Cardano is a good example of that model.
https://danajwright.medium.com/blockchains-as-nation-states-54662f7902ce
Bradley states:
consider Bitcoin the most well- known Fair launch blockchain protocol it had no Ico no pre-mine no VC company backing and no Founders funds
https://github.com/KomoDeFi/transcripts/blob/main/decentralization-why-it-matters#L10
The Verus Coin project also started in the same spirit. As a no-code solution for creating blockchains, the launch of the PBaaS mainnet approaching, decentralization for future projects has a bright future.
With some 15,000 discord users, it is the most number of possible users for further decentralizing new applications and protocols.
Paraphrasing what @creativeninja says of the former CEO of Twitter @jack opining for:
it's critical we focus our energy on truly secure and resilient Technologies owned by the mass of people not individual not individuals or institutions only that foundation will provide for the applications
https://github.com/KomoDeFi/transcripts/blob/main/decentralization-why-it-matters#L164
