create account

Which is more important in the Crypto space Decentralization, Scalability, or Security? by onwugbenuvictor

View this thread on: hive.blogpeakd.comecency.com
· @onwugbenuvictor · (edited)
$11.73
Which is more important in the Crypto space Decentralization, Scalability, or Security?
I attended a crypto gathering today and a lot of questions were asked, answers were given, and positive ideas were shared. During this gathering, a question was asked: "Which is more important in the crypto space Decentralization, Scalability, or Security?", A lot of people had their own opinions, and while they were talking or while the discussion was going on, i picked something from everything that was beings said is that most people mistake Security for decentralization, because while dey were defining decentralization, they were just talking about security in the crypto space. Before I go on let me define decentralization, scalability, and security in crypto.

![images.png](https://images.hive.blog/DQmaugz3d4bZ5Ef7p8yfxgZUwPxrrqnXMRQTygYQA6GdLE7/images.png)
[source](https://www.linkedin.com/pulse/blockchain-trilemma-decentralization-scalability-matti-jeremiah)


## Definitions:
### What is Decentration?
[Decentralization](https://www.gemini.com/cryptopedia/blockchain-trilemma-decentralization-scalability-definition#section-what-is-decentralization) is the central ethos of blockchain technology and drives projects across the ecosystem. Applying decentralized processes and tech eliminates the role of intermediaries across industries and manifests in many different ways.


### What is Scalability?
[Scalability](https://www.gemini.com/cryptopedia/blockchain-trilemma-decentralization-scalability-definition#section-what-is-scalability) with regard to a blockchain protocol refers to the blockchain’s ability to support high transactional throughput and future growth. This means that as use cases and adoption accelerate, the performance of the blockchain won’t suffer. Blockchains that perform poorly as adoption increases are said to lack scalability.


### What is Security?
[To](https://www.gemini.com/cryptopedia/blockchain-trilemma-decentralization-scalability-definition#section-what-is-decentralization) increase network throughput on a blockchain network, there's an incentive to reduce the distribution of blockchain nodes either geographically, in number, or both.



Decentralization, Scalability, and Security in Crypto are called Blockchain Trilemma. Studies have shown that no blockchain network has all three, it is either decentralized, and has good security but lacks scalability just like Ethereum, or they are scalable, and have good security but it is not fully decentralized. Now let's say you own a blockchain network What would be your priority? For me, I would focus on security and scalability and work on making my project fully decentralized because I would want my users to know that their money and investments are safe.



**Please Follow My New Twitter/X Account:**
I just opened a new Twitter/X account because of Twitter's unfair permanent suspension of my old Twitter account. I would appreciate it if anyone reading this post could follow me on Twitter/X.


**PLEASE FOLLOW ME ON:
Discord: onwugbenuvictor#3447
Twitter: [@Crypto3xplorerrr](https://twitter.com/Crypto3xplorerr?t=nuCy-tYY8doTAfFUzKVAvQ&s=09)**



Posted Using [LeoFinance Alpha](https://leofinance.io/@onwugbenuvictor/which-is-more-important-in-the-crypto-space-decentralization-scalability-or-security-)
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 82 others
properties (23)
authoronwugbenuvictor
permlinkwhich-is-more-important-in-the-crypto-space-decentralization-scalability-or-security-
categoryhive-167922
json_metadata"{"app":"ecency/3.0.36-vision","format":"markdown+html","tags":["hive-167922","Crypto","Web3","Bitcoin","Neoxian ","Ctp","Cent","HIVE","ARCHON","leofinance"],"canonical_url":"https://leofinance.io/@onwugbenuvictor/which-is-more-important-in-the-crypto-space-decentralization-scalability-or-security-","links":["https://images.hive.blog/DQmaugz3d4bZ5Ef7p8yfxgZUwPxrrqnXMRQTygYQA6GdLE7/images.png)","https://www.linkedin.com/pulse/blockchain-trilemma-decentralization-scalability-matti-jeremiah)","https://www.gemini.com/cryptopedia/blockchain-trilemma-decentralization-scalability-definition#section-what-is-decentralization)","https://www.gemini.com/cryptopedia/blockchain-trilemma-decentralization-scalability-definition#section-what-is-scalability)","https://twitter.com/Crypto3xplorerr?t=nuCy-tYY8doTAfFUzKVAvQ&s=09)**","https://leofinance.io/@onwugbenuvictor/which-is-more-important-in-the-crypto-space-decentralization-scalability-or-security-)"],"images":[],"image":["https://images.hive.blog/DQmaugz3d4bZ5Ef7p8yfxgZUwPxrrqnXMRQTygYQA6GdLE7/images.png"],"description":"","image_ratios":["1.7807"]}"
created2023-09-09 19:13:39
last_update2023-09-09 19:15:51
depth0
children0
last_payout2023-09-16 19:13:39
cashout_time1969-12-31 23:59:59
total_payout_value5.722 HBD
curator_payout_value6.003 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length3,228
author_reputation376,419,494,935,143
root_title"Which is more important in the Crypto space Decentralization, Scalability, or Security? "
beneficiaries
0.
accountleofinance
weight500
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id127,003,437
net_rshares29,689,457,129,964
author_curate_reward""
vote details (146)