The popular decentralized exchange, Uniswap, is having one of its latest governance proposals stonewalled by the crypto venture capital giant Andreesen Horowitz (a16z). The ongoing proposal vote, which ends on February 10, is currently 38% weighed against the change – almost entirely due to the software investor. So Much for Decentralization The proposal, tabled by 0xPlasma Labs on February 2, would have Uniswap v3 deployed to BNB chain. To enable the deployment, the proposal chose to use Wormhole – an…
Decentralized Cryptocurrency
Centralized vs. Decentralized Cryptocurrencies
Centralized cryptocurrencies are digital currencies controlled and regulated by a central authority, such as a government or a private company. An example of a centralized cryptocurrency is Petro, Venezuela's national cryptocurrency. Decentralized cryptocurrencies, on the other hand, are not controlled by any central authority. Instead, they are based on a decentralized network, usually blockchain technology, and are typically managed by a decentralized network of computers. Bitcoin and Ethereum are examples of decentralized cryptocurrencies. The benefits of centralized cryptocurrencies include faster…
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