Crypto and Decentralization are becoming Incoherent: JP Morgan
The crypto -verse was started back in 2009 with Bitcoin [BTC]. Satoshi Nakamoto rolled out the first crypto currency with decentralization as its ethos. Initially, this was the crypto industry’s USP. With time, a plethora of projects made their debut in the market. However, not all these networks were abiding by the laws of decentralization. At least Morgan Stanley ’s latest research report says so. JUST IN: Morgan Stanley reports #crypto is becoming less decentralized. — Watcher.Guru (@WatcherGuru) October 12, 2022 The demand for digital assets witnessed immense growth over the last couple of months. This caused regulators from across the globe to take a keen interest in the industry. With regulators exploring crypto shores, holding up decentralization becomes quite tricky. The Morgan Stanley report further noted how the underlying blockchains are decentralized. However, with regulators at play, having to run a significant portion of the blockchain on ...