Decentralized or Regulated Cryptocurrencies?.
In this article we will analyze whether the cryptocurrency is really decentralized as the experts point out, for this, we start from the following definition: “Decentralization is the act and the consequence of decentralization: delegate part of the power exercised by a central body to different entities or corporations. Decentralization implies a division or a sharing of authority.” From this perspective, it can be seen that decentralization is delegating part of the power among several, which indicates that it is sustained not under the criterion of one entity but of several.
From the point of view of cryptocurrencies, many experts point out that the decentralization of cryptocurrencies is due to the fact that crypts are not regulated by any government or financial authority and, therefore, are not subject to the policies and agendas of the banks. Central, so the cryptocurrencies self-regulate through their own networks of peers. Your support is given by the trust that the investor community gives you and the consensus of all is required.
If we associate this description with the previous definition; it is clear that experts speak more of a regulatory process than decentralization itself; since they signal not regulated by governments or banks, in this sense, the cryptocurrency can be considered decentralized because its control is distributed in a determined anonymous network of developers that enables the transactions of the users to achieve payment. The authenticity of each transaction is protected by digital signatures corresponding to the shipping addresses, allowing all users to have full control when sending from their cryptocurrency addresses.
It should be considered then that in my opinion it is considered a cryptocurrency is decentralized because it is centralized in the hands not of one entity, but of several, on which the investment community depends so that its operations are transparent.
Thus, it is necessary to separate the regulation of decentralization in order to understand the way in which these digital currencies work, in this way, therefore, due to their intrinsic nature, cryptocurrencies will not be decentralized, but if they arrive to be regulated because if it is observed in depth, it is regulated by those who manage it, and the investor community depends on the good faith that there is no fraud, in this sense, the governments of many countries are working to be able to regulate them in view of they are avoiding risks linked to fraud, tax evasion, money laundering, online drugs, arms trafficking, hiding money of dubious origin, and indiscriminate issuance, among others.
In the not too distant future, cryptocurrencies will be regulated by many countries that are already working through the creation of new legislations for this, this will favor having greater confidence in the operations that are carried out through them. The truth is that the decentralized or regulated cryptocurrencies are here to stay and to change the financial world.
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