Decentralization is a dream pursued by humanity and it strives to be embodied in various forms, but fails under the inexorable laws of survival of the pack. The rise of decentralized projects on the blockchain coincided in time with the ever-growing discontent of people with authoritarian hierarchical systems, their inertness, slowness, inconsistency with the requirements of time and progress, with the desire of society to get more freedom. The decline of this idea takes place today; it has already passed the stage of uncertainty and confusion of their creators and users from the inability of cryptocurrencies to perform. Now, those who see the ideals of cypherpunks and the first hackers as an empty place, and whose main values are profits, have stepped onstage.
Two fairly illustrative examples of this approach are the Venezuelan state cryptocurrency El Petro and the blockchain voting system in the Russian Moscow City Duma elections, the flaws and doubts about the impartiality of which were voiced by experts.
Numerous implementations of closed systems based on blockchain and crypto technologies, “forget” one of the main values of decentralization — openness and independence. Blockchain is just a technical term for the type of database; it is a distributed ledger, the use of which does not make much sense in many cases and it leads to additional costs. But it is precisely these costs that are the main reason for using a chain of blocks with a transparent transaction recording system, with an implacable and tamper-resistant mathematical algorithm that gives users reason to trust the entire project, because it does not need to be trusted: it works by itself, and its work can be checked.
Another feature of true decentralized systems is the transition of power from central authorities to all participants. The example: central banks and credit organizations issuing new money from different countries are the most closed institutions, being authoritarian, highly centralized, and only narrow groups of individuals and associations have access to control their activities. However, the issue of cryptocurrencies such as bitcoin, is a completely transparent process: anyone can check it and, moreover, become a participant. At the beginning of its life, bitcoin enabled each of its users, regardless of geographic location, capital availability, status and any other restrictions, to participate in the issue of coins and verification of transactions.
The flagships of the cryptocurrency market, such as Bitcoin and Ethereum, are moving away from the idea of decentralization, giving up and adapting to modern conditions with the introduction of sidechains, monopolization of mining and authoritarian leaders. There is no need to talk about other leading projects: Tether, Ripple, Tron, Litecoin, EOS and others — they survive as they can, and the ideas of freedom and equality are not their priorities.
Meanwhile, the demand for decentralization is ripening. Perhaps it has not yet been fully realized by the majority, perhaps many are dissatisfied with the current situation and simply do not realize the possible direction of their claims, but these days humanity really needs decentralized projects.