Principle of decentralization #
As stated earlier, our main task is to create a harmonious and stress-resistant ecosystem. We are confident that the gradual introduction of blockchain technology into our virtual world will increase its stability, efficiency and speed, give greater transparency to the processes occurring in it and increase overall security.
What is decentralization and what are its main advantages?
Decentralization in cryptocurrencies is when the functioning of the entire network is supported not by one authority (server), but by all users who are in the system. Each user is a data storage node and has information about all transactions in the system. Thanks to this storage of information, its loss is simply impossible. And most importantly, only you manage your funds.
Let’s compare blockchain to a bank:
Firstly, the bank acts as a single body, and all information about user transactions is available only to it. If data is lost, it is extremely difficult to recover it. In the blockchain, all information is stored on many nodes, so it can be restored without problems.
Secondly, the bank at any time can mistakenly write off funds, charge a commission for some service that you did not order, or completely block/freeze the account, thus depriving you of access to your own money. In fact, the bank manages your finances. In the case of blockchain, you personally approve each transaction, so freezing/blocking of your account, as well as erroneous transactions, are excluded.
By choosing the blockchain, you get the right to manage your assets yourself.