Popular Science | Is there a conflict between supervision and decentralization, and can the two coexist?

This is the original issue 1261 of the  vernacular blockchain

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Produced by WJ |Vernacular Blockchain (ID: hellobtc)

Among the common misunderstandings of many people about the blockchain , there is one: because the blockchain requires decentralization, and the main body of supervision is a huge center, it is impossible for the two to coexist.

On the surface, it seems to make sense to say this, but it is actually problematic, because decentralization is not about avoiding the center, but emphasizing the fairness and freedom between many centers, regardless of size.

 01 
Does decentralization mean not to be centered?

In fact, since the concept of decentralization was put forward, it has never thought about eliminating the center or depriving the center of its rights. Regardless of whether it is Bitcoin or latecomers, their purpose is: not to let everything be a powerful center controlled by a few people, not to exclude the center or obliterate the center.

A decentralized system is a distributed network composed of many large and small centers .

In Bitcoin’s proof-of-work mechanism , the large computing power mining pool is actually a large center. The large center and all small miners must abide by the same rules, work more and get more, so as to avoid the occurrence of a large center controlling the entire system and causing other small miners. Unfair distribution.

Therefore, under the conditions of such a fair mechanism in the future, after being recognized by more and more people, large and small organizations, and even some countries, can freely become a member of countless nodes and be treated fairly by the system.

Therefore, decentralization and central institutions can coexist.

 02Decentralization 
challenges regulation?

When many people think of a decentralized network, it seems that everyone is equal, and no one can do whatever they want on it. This is a bit like in the early days of the development of the Internet, many people thought: "No one knows who I am on the Internet, and no one knows anything I just say on the forum."

Most of the time, supervision is actually lagging behind. The development of science and technology is very fast. No one knows what its direction is. Supervision can only follow the pace of development and do things that can maintain social stability without hindering the development of science and technology.

Therefore, many people think that decentralization challenges regulation, but it is actually difficult to exist in the future.

For example, Bitcoin network transactions are completely open and transparent, and it is more convenient to trace back than traditional currencies such as cash and gold. Even if it is an anonymous currency, there is a day when it needs to be realized. As long as the supervision has blocked the main channels of realization, it is enough to follow the rules.

Therefore, in any case, supervision will keep pace with the times. Don't think that decentralization can really do whatever you want. Of course, the development of blockchain does pose a huge challenge to some existing laws and regulations and the insufficiency of regulatory technology.

 03 
Postscript

Perhaps in the near future, the innovation of blockchain will not only make supervision methods more efficient, but also fairer and more credible. At that time, we may find that, just as the Internet has made the world more free and equal, the decentralized value network has allowed for the upgrading and evolution of supervision, and human society has taken a big step forward.

Do you think decentralization is in conflict with central institutions and supervision? why? Welcome to leave a message in the message area.

END

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"Disclaimer: This article is the author's independent point of view, and does not represent the vernacular blockchain position. This content is only for the popular science learning and exchanges of encryption enthusiasts, and does not constitute investment opinions or suggestions. Please take a rational view, establish a correct concept, and increase risk awareness. The copyright of the article and the final interpretation right belong to the vernacular blockchain.

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Origin blog.csdn.net/mrRqAEr7ci9s2v0/article/details/113976286