Decentralization

As the community was astounded by the bold hack of prominent Twitter accounts, it revealed the general vulnerability of centralised social media, where all information is kept at one place. It would not be possible to break a decentralized platform that easily.

The US Senate adopted new legislation allowing law enforcement agencies to access encrypted data. Such provisions would complicate the operation of the cryptocurrency industry within the country, forcing businesses to go offshore.

As of now, sharing content on the Internet is quite a problematic industry. Content creators often face stealth of their work, difficulty while copyright verification, onfair royalty distribution, etc. The reason for this is the centralized nature of most content sharing platforms.

Recent research by a group of scientists has stated that blockchain technology could be used to enhance collaborative exploration and development in response to global pandemics such as COVID-19 through well-timed research collaborations, decentralization, and anonymity of essential information among governments.

While global giant economies including the USA and China are looking to issue their Central Bank Digital Currency (CBDC), the President of Russia, Vladimir Putin, announced they are not going to develop a national cryptocurrency.

On April 10, HTC disclosed a plan to support its flagship blockchain phone, EXODUS 1s, with a Monero mining feature. This signifies a start of mobile mining, which holds a promise to bring power costs down and make cryptocurrency mining more decentralized.

For the past few years, YouTube has had a policy of banning and even deleting channels promoting, analyzing, or talking about bitcoin and other cryptocurrencies. While the platform itself states they are trying to protect their users against scams, some community members say it much resembles ordinary censorship.

Blockchain tech is a communication protocol, a tool based on decentralized system logic - a system where info isn’t kept on a single machine but rather on several devices linked together, known as nodes.

In recent days, the Lombardy regional council approved an important resolution which commits it to take a series of initiatives to encourage the adoption of blockchain technology.