Changpeng Zhao, CEO of Binance, pondered on decentralization and how this characteristic must not be a goal, but a tool to achieve several objectives regarding a crypto project.
Changpeng Zhao, founder and CEO of Binance, the biggest cryptocurrency exchange by volumes traded, pondered the importance of decentralization and the relation it has with security and freedom. Zhao stated that there are several aspects of decentralization and that this is part of a gradient scale, explaining the different ways in which even Bitcoin can be seen as centralized.
A lot has been said about the benefits decentralization brings to cryptocurrency projects and how it differentiates some initiatives from others. Changpeng Zhao, CEO of Binance, pondered on the importance of decentralization and how this characteristic must not be the objective, but a tool to achieve several objectives related to a cryptocurrency project.In a blog post published on October 9, Zhao explained that decentralization was not absolute and that there are several key aspects to it.
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