Changpeng Zhou shares his thoughts on centralization vs. decentralization

12 Feb, 2019
by Richard Allen
Opinion
Changpeng Zhou shares his thoughts on centralization vs. decentralization

Binance CEO Changpeng ‘CZ’ Zhou is still often asked about centralization vs decentralization. As a result, he has decided to definitely answer the question in an official blog post.

CZ begins by stating security, ease-of-use and freedom are far more important that centralization or decentralization. He explains that some hardcore “crypto-people” believe decentralization is the ultimate goal. In CZ’s opinion, decentralization should be a means of achieving increased freedom and security without sacrificing ease-of-use.

He goes on to say that many people see decentralization as absolute: it’s either decentralized or it isn’t. however, CZ explains that in reality, he feels that there is “a gradient scale from centralization to decentralization.” Instead, perhaps a better question to ask is: how decentralized should we be? If becoming increasingly decentralized increases freedom but at the cost of security and ease-of-use, it will reach a point where it becomes more negative than positive.

Having said that CZ adds that he is still a big proponent for decentralization, believing that, while it may not be the answer to every question, it will help distribute power from the hands of the few.

Read more: CZ: Binance Chain testnet public testing set for 20 February

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Read more about:Changpeng Zhao

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While Brian Armstrong tells us about his dreams and donuts.
12 Feb, 2019 - 16:10
I wonder why the ceos of other exchanges don't say anything smart like this. Bitstamp's ceo is almost mute. Could've shared anything at least...
13 Feb, 2019 - 21:13

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