The difference between decentralization and de-intermediation of blockchain

Nowadays, one of the hottest words in the blockchain is decentralization. However, corresponding to decentralization is centralization. Centralization and decentralization Many people are confused in these two concepts, and there are still differences between the two. So what is the difference between decentralization and de-intermediation?

Let's take a look at the insurance sales staff. In general, an insurance salesperson is an intermediary between an insurance company and an insured. Because there is an intermediate link between insurance salesmen, the insurance expenses incurred by the insured person are higher than the insurance costs directly purchased by the insured from the Internet, because of the existence of insurance sales personnel. Then remove the role of insurance salesperson and directly dock the insurance company and the policyholder, which is to de-intermediate. If the insurance salesperson used a lot of insurance products himself, he knew a lot about the insurance products, and selling insurance did not affect his income. He is a completely third-party opinion leader. Since the insured is not very familiar with the insurance situation, he needs such a role to exist. Then he is a central body, which is centralization. Decentralization means that the insured has a good understanding of the insurance products and does not need the existence of a third-party opinion leader. The insured can directly understand the purchase insurance, which is decentralization. There is a certain overlap between decentralization and de-intermediation, but the concepts of the two are still different.

As we all know, the decentralization feature in the blockchain has great value for many industries, technologies, etc., and countless technicians continue to study, then what is decentralization?

The influence between nodes and nodes will form a nonlinear causal relationship through the network. This open, flat, and equal system phenomenon or structure is called decentralization. Many people think that decentralization is not a center, and the opposite is true. Decentralization, not the center, but the node from the selection center, the free decision center. Simply put, the meaning of centralization is the central decision node. The node depends on the center, and the node cannot survive without leaving the center. Centralization is the node decision center, the center depends on the node, and the center cannot leave the node. In a decentralized system, anyone is a node and anyone can be a center. No center is permanent, but phased, and no center is mandatory for the nodes.

The difference between decentralization and de-intermediation of blockchain

In today's blockchain market, the exchanges are complicated, the transaction currency is very large, and the real decentralization is rare. Delphy is one of them.

Delphy decentralization provides a distributed transaction mechanism and information storage mechanism to provide distributed storage and indexing services for static files and metadata for the forecast market. Tianyi is a predictive market platform based on Ethereum, distributed and mobile social. The platform provides users with different types of forecasting events, allowing participating users to make full use of their wisdom and knowledge to improve the accuracy of forecasting events, and the participants themselves can customize different types of forecasting events according to their own preferences.

Coin friends, if you understand the concept of decentralization, then you must be cautious when choosing cryptocurrencies, because many currencies are now promoted under the banner of decentralization, but they are not decentralized. . And like Tianyi, which relies on the strong blockchain technology developed by the DPY, the decentralized forecasting market and the market prospects are worthy of your understanding.

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