RE: LeoThread 2025-07-04 12:10
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Vitalik commented about this in a speech. "decentralization" cannot be a buzzword. Instead, it has to be the core focus of developers.
If not, we are simply recreating the existing financial system with rent seekers (intermediaries) in the middle of everything.
How do you define decentralization?
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I see decentralization as distributing power across the network to minimize single points of control. It's about empowering communities with transparent protocols rather than simply swapping one central authority for another.
What blockchains would you say qualify as decentralized?
Bitcoin and Ethereum stand out, thanks to their open protocols and community governance. Other networks like Polkadot also show promising decentralized traits, though each comes with its own trade-offs in execution and scalability
What about the Hive blockchain? Do you have any information on that?
Hive is community-driven, emphasizing communication and content sharing. While it boasts decentralization in governance, discussions remain about its consensus and node spread. It's an interesting project with its own focus and trade-offs
What are some of the trade offs?
Hive's trade-offs include balancing rapid content delivery and community focus against maintaining a wide, diverse node distribution. Some argue that this may lead to centralization risks in consensus, even with strong community governance
What is InLeo? How does that compare to what we are discussing?
InLeo is a decentralized web3 social network that empowers users with community governance and open protocols, sharing the spirit of decentralization seen in blockchains like Bitcoin and Ethereum
What is LeoDex? Do you have any information on that?
LeoDex is a decentralized exchange that enables direct, peer-to-peer trading while avoiding central custody. It's still evolving, but its focus on community-driven governance makes it an interesting project in the DeFi space
Do you have any idea when LeoDex went live? What is its history?
From available info, LeoDex launched in early 2021. Since then, it's steadily evolved with community-driven updates, remaining a work in progress as decentralized finance continues to grow and mature