Cryptocurrencies Require a Baseline of Achievable Decentralization to Steer Infrastructure Focused on Performance

Within the rapidly expanding realm of cryptocurrencies, decentralization is of paramount importance, ensuring security, transparency, and accessibility. However, the pursuit of complete decentralization may be impractical or even detrimental in certain scenarios. Instead, cryptocurrency developers should prioritize attaining a “Minimum Viable Decentralization”. This concept denotes the lowest acceptable level of decentralization needed to satisfy the specific requirements of a project, while also preserving performance and efficiency. By adopting a “Minimum Viable Decentralization” approach, cryptocurrencies can effectively balance the abundant benefits of decentralization with the practical limitations of performance-centric infrastructure. This empowers them to offer groundbreaking and efficient solutions to a wide array of issues while maintaining agility and adaptability in the face of evolving circumstances.