Decentralization is one of the most important benefits promised by blockchain, as the technology aims to distribute and disperse power away from central authorities. , for example, was designed as a decentralized alternative to government-backed money.
However, many blockchain systems currently run on centralized cloud platforms. It’s been noted that over 60% of all nodes rely on cloud-based services, with 25% running on Amazon (NASDAQ:) Web Services, or AWS. As a result, these blockchain networks are vulnerable to policy changes and adjustments made from Amazon. This also leads to the question of whether these systems and their associated cryptocurrencies are truly decentralized.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.