Top 5 cryptocurrencies by market cap.
- Bitcoin (BTC)
- Ethereum (ETH)
- Binance Coin (BNB)
- Tether (USDT)
- Solana (SOL)
Out of these 5 only 2 are decentralized - Bitcoin and Ethereum.
The other 3 are centralized - Binance Coin, Tether and Solana.
When Satoshi created Bitcoin, I’m pretty sure this not what he would’ve wanted. He wanted a decentralized peer-peer payment system.
Later, Vitalik used its technology to create a smarter network. (Doesn’t mean better).
Decentralization is so important due to so many reasons - the main one being freedom.
At any moment centralized cryptocurrencies can suspend transfers or create 100 million more tokens making your stack worthless.
Cryptocurrency is a way for a decentralized financial system. Giving power to people!
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