Blockchain decentralization: How it ensures fair and tamper-proof trades

Q: How long will it take to read this news story?

The story "Blockchain decentralization: How it ensures fair and tamper-proof trades" has 1309 words across 48 sentences, which will take approximately 6 - 11 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Blockchain decentralization: How it ensures fair and tamper-proof trades" was covered 11 hours ago by Benzinga, a news publisher based in United States.

Q: How trustworthy is 'Benzinga' news outlet?

Benzinga is a fully independent (privately-owned) news outlet established in 2010 that covers mostly technology news. The outlet is headquartered in United States and publishes an average of 30 news stories per day. It's most recent story was published 8 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Negative, indicating that people regard this as "bad news".

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #25933452</li><li>URL: https://beamstart.com/news/blockchain-decentralization-how-it-ensures-1738858</li></ul>

Benzinga Logo Benzinga 11h ago

Blockchain decentralization: How it ensures fair and tamper-proof trades - Benzinga

Quick Summary:

In the case of decentralized platforms, such as cryptocurrency exchanges (DEXs), decentralization gives individuals the ability to have full control and custody of their funds when executing on-chain transactions, a huge step toward financial independence for individuals that had never been seen before the arrival of Bitcoin.

In this way, cryptocurrencies like Bitcoin are strengthened due to the presence of distributed nodes that function within a public, permissionless, decentralized peer-to-peer system, allowing for the transfer of assets without the control of third parties or centralized entities, as it is the Bitcoin network, under a consensus mechanism (PoW), that makes decisions regarding the security and governance of the network itself.

Eliminating the need for a single authority and intermediaries is part of the advantages offered by decentralization in blockchain, which in turn provides robustness and security to the network by reducing dependence on a single entity for operations.