Decentralisation is often brandished as a flagship promise of cryptocurrencies: a system with no central authority, where decisions and transactions are distributed among network participants. But in practice, decentralisation is a spectre rather than an absolute state. Very few protocols are completely decentralised and, behind the rhetoric, many projects retain strategic control points.
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Grant Everist
Grant Everist is a Brooklyn-based expert specializing in stablecoins and decentralized finance, and the author of several articles on digital monetary policy and asset tokenization.
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