Decentralization

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.

A comprehensive analysis of token definitions, their main uses and developments of decentralized applications and the token-economy, in an evolutionary path that exceeds paradigm 3.0, crosses that of Industry 4.0, to arrive at a scheme for Company 5.0.

The concept of ownership or direct management of a cryptocurrency by a central bank is, in fact, an oxymoron. In fact, cryptocurrency such as bitcoin has the characteristic of being open source, as well as being based on a network of "volunteers" that has already fully - technologically - replaced the old payment system: it is faster, more efficient and above all, it is decentralized without the need for any institution, without any state funding and no one to manage or control it.

From a more technical point of view, a token can be understood in the same way as an algorithm implemented as a Smart Contract, executed on blockchain. Each Smart Contract contains an address list that allows you to find those who can have the tokens and their balance.