@internetofvalue
9 months ago

What is the most decentralized cryptocurrency?

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Most decentralized cryptocurrency is Bitcoin ofcourse!! After BTC we can say NEO, Icon and EOS.

NEO, which is only run by 7 nodes of which 5 are owned by NEO, and it is permissioned and non-trustless.
Icon, which is run by 6 nodes and it is permissioned and non-trustless.
EOS, which is run by 21 nodes and is permissioned and non-trustless.
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Bitcoin is actually centralized. POW is flawed terribly, as it gets more centralized over time. The most decentralized cryptocurrency is the xrp ledger. Fully censorship resistant, and continues to become more decentralized as time goes on.
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Bitcoin has some 50.000+ validation nodes. No other fully trustless network comes even remotely close as far as I’m aware.

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Currently? Bitcoin

The currency value is widely spread out and stored in many non-Bitcoin assets, under many many different custodians, and in the bear market the miners have been diluted to become more distributed.
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Dogecoin

Dogecoin is a pure decentralized crypto, it is out there and no one controls it.
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I'm gona go with btc on this one
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  • Tezos , which has liquid dPoS and constantly changes voting nodes

  • IOTA , which is controlled by millions of entities, but only at scale. Any new users will add a new node and vote and infinitely increase decentralization for each new node.

  • Holochain , which is built to be controlled by millions of entities. Any new users will add a new node and vote and infinitely increase decentralization for each new node.
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Currently the Dashcoin is the first decentralized cryptocurrency which is making it one of the most accepted means of payment in the business world. This digital currency allows you to make instant and private payments through the network and in physical stores. It is a currency accepted in many of the big exchange houses.
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Bitcoin
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Bitcoin , not even close.
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