A look at why decentralized internet is bigger than decentralized money - decentralizedinternet decentralization
When people think about decentralization and blockchain technology, cryptocurrency and digital money transfers are some of the first things that come to mind. However, there is much more to a decentralized internet.
Decentralized networks are helpful for more than just data security. Another goal is to ensure a user has total control over the information they supply. Given the present state of the internet, the fact that user data is concentrated in the hands of a select few increases the likelihood of a data breach. This also makes it easy for the government to monitor and regulate certain activities.
Many organizations' business plans rely on collecting personally identifiable information about their customers and the subsequent use of that data for ad targeting, which creates privacy issues. Individuals using a decentralized network have a higher chance of avoiding storing their data in giant technology businesses' data centers. In addition, users in this rapidly expanding ecosystem have complete insight into what is being done with their data and where it is being kept.
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