Is centralization really useless ?

Lately, there’s been a lot of argument outside the blockchain environment. This is because of flaws found in blockchain payment system, tokens and foundation. Bitcoin is the first ever cryptocurrency on earth and has achieved a lot of popularities since 2017. Using Bitcoin as a case study, As at the time of writing, the founder of bitcoin is still anonymous making people to wonder about how solid the foundation might be. The fact that bitcoin and other cryptocurrency have limited supply unlike the usual fiat making it hard for any big institution, Governments or individuals to manipulate.

Nevertheless, there has been a lot of experience with how blockchains might not be the best solution for asset assurance and security. Following the losses inccured from FTX, LUNA and other failed blockchain projects. This has enough proof that centralization can’t be neglected. Someone needs to control this circumstances to some extent.

To be clear, Blockchain is not all about cryptocurrencies but comprises of all other innovations and project that surrounds it.