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Understanding Decentralization: Why It Matters for Secure and Scalable Networks

  • Decentralization in blockchain distributes control across individual nodes, enhancing security and transparency.
  • Blockchains validate transactions through consensus mechanisms like proof-of-work and proof-of-stake.
  • Decentralized systems eliminate single points of failure and enhance security compared to centralized systems.
  • Factors affecting decentralization include the number of nodes, validators, and token distribution.
  • Bitcoin and Ethereum are considered highly decentralized blockchains with thousands of nodes globally.
  • Innovative technologies like zero-knowledge proofs can improve privacy while maintaining decentralization.
  • Aleo's decentralized network of ZK-proof generators aims to address centralization challenges in implementing ZK-proofs.
  • Aleo's proof-of-succinct-work consensus mechanism facilitates decentralization by distributing rewards inclusively.
  • Aleo's roadmap focuses on gradually expanding its validator set to increase decentralization for a secure and scalable network.

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