Decentralization: Difference between revisions

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Decentralized protocols, applications, and ledgers (used in [[Web3]]<ref>{{cite journal |last1=Zarrin |first1=Javad |last2=Wen Phang |first2=Hao |last3=Babu Saheer |first3=Lakshmi |last4=Zarrin |first4=Bahram |title=Blockchain for decentralization of internet: prospects, trends, and challenges |journal=Cluster Computing |date=December 2021 |volume=24 |issue=4 |pages=2841–2866 |doi=10.1007/s10586-021-03301-8 |pmid=34025209 |pmc=8122205 }}</ref><ref>{{cite book |doi=10.1002/9781119621201.ch1 |chapter=Blockchain |title=Cryptocurrencies and Blockchain Technology Applications |year=2020 |last1=Gururaj |first1=H. L. |last2=Manoj Athreya |first2=A. |last3=Kumar |first3=Ashwin A. |last4=Holla |first4=Abhishek M. |last5=Nagarajath |first5=S. M. |last6=Ravi Kumar |first6=V. |pages=1–24 |isbn=9781119621164 |s2cid=242394449 }}</ref>) could be more difficult for governments to regulate, similar to difficulties regulating [[BitTorrent]] (which is not a blockchain technology).<ref>{{cite journal |last1=McGinnis |first1=John |last2=Roche |first2=Kyle |title=Bitcoin: Order Without Law in the Digital Age |journal=Indiana Law Journal |date=October 2019 |volume=94 |issue=4 |pages=6 |url=https://www.repository.law.indiana.edu/ilj/vol94/iss4/6/ }}</ref>
 
Decentralized Physical Infrastructure Networks (DePin) is a novel approach that intertwines the core principles of decentralization and the token economy, central to blockchain technology, heralding a new era of infrastructure development that is more efficient, equitable, and driven by community involvement. that make it possible to bridge web2 business with web3 technology. <ref>{{Cite web |last=Ertugrul |first=Cagla |date=February 06, 2024 |title=A New Era Of Infrastructure: The Rise Of DePIN |url=https://www.nasdaq.com/articles/a-new-era-of-infrastructure:-the-rise-of-depin |url-status=live}}</ref>
 
DePIN can help developing countries grow faster. For example India has a massive population of 1.43 billion people, the penetration of broadband connectivity is low. It reports only 30 million citizens have regular access to WiFi, with just under 50% having no access of any kind.<ref>{{Cite web |last=FORTIS |first=SAVANNAH |date=MAR 15, 2024 |title=DePINs to decentralize internet access and connectivity in India |url=https://cointelegraph.com/news/depins-decentralize-internet-access-india |url-status=live |website=cointelegraph}}</ref> Community driven initiative can bridge the Digital Divide much faster.
 
=== Appropriate technology ===