The principle of decentralization
As stated earlier, our main goal is to create a harmonious and stress-resistant ecosystem. We believe that the gradual introduction of blockchain technology into our virtual world will increase its sustainability, efficiency and speed, give greater transparency to its processes, and improve overall security.
What is decentralization and what are its main advantages?
Decentralization in cryptocurrencies is when the functioning of the entire network is not supported by one body (server), but by all users who are in the system. Each user is a data storage node and has information about all transactions in the system. Thanks to this storage of information is simply impossible to lose. And most importantly, you are the only one in charge of your money.
Let's compare blockchain to a bank:
The bank acts as a single body, and all information about users' transactions is available only to it. In the case of data loss, it is extremely difficult to recover it. In blockchain, on the other hand, all information is stored on multiple nodes, so it can be restored without any problems.
The bank can at any time write off funds by mistake, charge a fee for a service you did not order, or completely block/freeze the account, thus depriving you of access to your own money. In fact, your finances are managed by the bank. With blockchain, you personally approve each transaction, so freezing/blocking your account as well as erroneous transactions are ruled out.
By opting for blockchain, you get the right to manage your assets yourself.