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The Purpose and Difficulties of Decentralization

In: Tokenizing the Future

Author

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  • Arpad Djuraki

    (Aachen Blockchain Club, RWTH Aachen University, Environmental Engineering)

Abstract

The following text delves into the multifaceted realm of decentralization within the context of blockchain technology. It navigates through key concepts, challenges, and trade-offs associated with decentralization, drawing insights from pioneers like Satoshi Nakamoto. The exploration extends to diverse applications, ranging from decentralized applications (DApps) to Decentralized Autonomous Organizations (DAOs) and the innovative realm of Decentralized Science (DeSci). Additionally, the text addresses the inherent vulnerabilities in decentralized blockchains, dissecting potential threats and attacks while spotlighting the evolving landscape of security measures. This comprehensive overview captures the essence of decentralization's impact on technology, applications, and the intricate balance between security and innovation.

Suggested Citation

  • Arpad Djuraki, 2025. "The Purpose and Difficulties of Decentralization," Springer Books, in: Wolfgang Prinz & Daniel Trauth (ed.), Tokenizing the Future, pages 85-102, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-91405-8_6
    DOI: 10.1007/978-3-031-91405-8_6
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