IOG and The University of Edinburgh collaborated to create a Blockchain Decentralization Index
According to IOG’s blog, Input Output Global, the company that developed the Cardano network and the University of Edinburgh, have teamed up to create a blockchain decentralization indicator. The Edinburgh Decentralization Index, (EDI) will, when it launches, offer real-time asset tracking, supported by a continually calculated and reviewed methodology. However, it is not yet operational, according IOG.
“By working together as an Industry on these Standards, we can ensure that consumers are protected without limiting some of the exciting innovation which makes our industry stand out.
This is why tools such as the EDI are so important – it’s an illustration of the kind of work that we should be doing to move our industry in the right direction while keeping the founding ethos and spirit of blockchain.
DeFi may seem like a natural replacement for CeFi. However, there are clear and less obvious reasons why it cannot. The primary issue is scalability.Decentralization is also crucial in determining whether a cryptocurrency asset qualifies as a security, at least in the US, where the issue is crucial for the future growth of regulation.DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.Join us to keep track of news: https://linktr.ee/coincuWebsite: coincu.comHaroldCoincu NewTags: CardanoEDIIOGIOHKUniversity Of Edinburgh