Today I saw a big man's profound interpretation of "decentralization". It makes sense and must be profound. I must talk about it again, deeply understand the big man's ideas, and always be "awake 🐒" in the tide. "Decentralization", this concept has been hyped in recent years and is the main idea of the most popular Internet thinking. Baidu Encyclopedia explains that in a system with many nodes, each node has a high degree of autonomy. Nodes can have their own links to form new connection units. Any node may become a stage center, but it does not have a mandatory central control mode. The influence between nodes will form a nonlinear causal relationship through the network. This open, flat, and equal system phenomenon or structure is called decentralization. Bitcoin is a famous "decentralized" product. It is not issued by any monetary institution. It is only based on a specific algorithm and generated through a large amount of calculations. Many nodes in the entire P2P network confirm and record all transactions. This allows no one to manufacture and issue currency in large quantities. Each Every Bitcoin user can calculate and confirm every transaction. From this perspective, it is a perfect decentralized product, which is also the reason why Bitcoin has skyrocketed in recent years. However, in fact, after Bitcoin became famous in its early stages, it has become more and more "centralized". The method of obtaining Bitcoin is called "mining", which means that when a node sends a transaction message, the user who calculates the correct answer the fastest among all the users will get a certain value of Bitcoin. After a period of development, the acquisition of Bitcoin has become a game for a few "old miners". A new "miner" cannot compare with them in terms of economy or experience, which violates the definition of decentralization. Some nodes cannot be selected as the center, and only a few early nodes can become the center.
"Decentralization" is not a new concept, but it is just a different wording. Decades ago, "decentralization" was called "pure competitive market" and "center" was "monopoly".