Centralization and Decentralization

Centralization and Decentralization Traditionally concentrated power, commissions and taxation systems have been overwhelmed and have long been one of the axes of yield and political resistance. The governor and religion will cooperate with the idea of ​​respecting authority and relatively orderly society within the colonies. Although royalists sought powerful centralization, they wanted to establish their legitimacy in the liberation of the citizens' sovereignty.

In this article, we aim to distinguish between centralized exchange and distributed exchange and to map exchange ecosystem. Contrary to the general usage of concentrated and scattered words, exchange is not binary. Indeed, there are various variables, from fully centralized to fully distributed. In order to actually understand if the exchange is concentrated or decentralized, it is necessary to consider all these variables. More than 99% of encryption currency transactions are currently being exchanged through centralized transactions.

Due to the regression and inefficiency of centralized exchanges, the model has only a few advantages. Many semi-distributed exchanges are beginning to be implemented. They are a hybrid model of a centralized market and a decentralized market and are trying to provide the advantages of both. As demand is expressed by the cryptographic community, the number of such exchanges is increasing. This "distributed exchange state" begins with major cryptographic currencies and centralized transactions and currently monopolizes the market. Distributed exchanges are building the future of cryptographic currency transactions. The purpose of this "country" is to open the way by roughly listing the project under construction. We are paying attention to them as they form a mechanism for future cryptographic currency transactions.

This article explains why DEX (Distributed Exchange) is the future of cryptographic currency transactions and that Herdius's future architecture is exactly superior to traditional centralized and decentralized exchanges , I will outline. Some people witness the emerging companies of the block chain transitioning to decentralization - Gnosis has begun to develop its own DEX. All of Berlin on this week's DEX, OmiseGO, Kyber, Radar Relay, Gnosis, Melonport participated in the party and I personally hosted a Q & A. Share recordings and slides on Twitter as soon as possible. So let's jump into what I want to call it DEX 101 in this way.

Note: Centralization and decentralization are not black-and-white issues. Creating and extending heterogeneous projects is difficult. It makes sense to centrally manage phases or components in distributed projects. Even in an anarchic state, you may need a leader to gather troops on the battlefield. Decentralization is an ideal task for hard work. Selection of NEO: I will introduce the technical details of the advantage of NEO to others, but Epiphany has many implications for NEO for me. First of all, NEO is about compliance. After all, their goal is to legitimize their code. In addition, there are many synergies between Epiphany and other projects on the NEO block chain, such as ontology identity and stable coin Alchemint.