Semi-Decentralized Chains are Trending
The Crypto ecosystem started with the ideology of saving people from the monopoly of people who control money and, indirectly, the lives of people. Although we are building robust platforms that are not controlled by some parties, the Decentralized Services are thriving as time passes. The exploit of 2 million BNB tokens on the BNB Chain prompted the team to halt the chain in an effort to recover the stolen funds from the hackers. The hacker group was unable to steal $430 million worth of cryptocurrencies thanks to the actions taken by the Binance team.
The halting of a blockchain is a major red flag for individuals who are committed to decentralization, particularly when the developers deliberately halt these chains. How can we claim these projects to be "decentralized" if a person can control their assets?
Friendly to decentralization chains, when a large number of blockchain project owners assert that their project is solely decentralized and governed by individuals, I do not feel at ease. Every project will, of course, have well-known figures, but there should always be a limit on their "god mode" to only secure people's assets with encrypted data on chains.
The projects and crypto celebrities begin to adopt characteristics that are in opposition to the vision that was initiated by Satoshi and maintained by blockchain enthusiasts as we get closer to the regulations, which are most likely, to begin with, stablecoin regulations. If some blockchain projects do occasionally disregard decentralization, they should never be grouped with others.
Decentralization Services
Supply and Demand There's no need to act like a clown; in fact, these projects are brave because their users and customers want semi-decentralized chains, where they can keep their assets on the chain but the chain has a backdoor for developers.
There are a lot of people in the cryptocurrency industry who believe that blockchain projects will either be restricted or banned if they adhere to the absurd and out-of-date rules of the traditional world. The basic tenet of the blockchain ideology is that ordinary people should be given authority to validate and submit each action—a concept known as "ownership of power".
All in All, Decentralization or not
There are numerous varieties of cryptocurrency. Also, there are still decentralization-minded individuals who support Satoshi's vision, the distributed ledger, and ownership, and there are also people who prefer chains that are semi-decentralized and semi-centralized.
Even though I consider stopping a chain to be a red flag, the chain's owners benefit from the users' support. Obviously, I don't like it, but I have no choice but to respect their choices. We can either support this as the crypto ecosystem's "substantiality" or oppose it.
What do you think about the trendy half-decentralized chains that are funded by some popular crypto investors who also run other projects in the ecosystem? Are we witnessing the battle of semi-centralized projects with the decentralized ones or do they get along well?
