Decentralization is the currency in the blockchain landscape, and as it turns out, some platforms show higher decentralization than others. The reason for this is known as the Scalability Trilemma as explained by Vitalik Buterin, the founder of Ethereum. He describes it as the inherent tension between decentralization, scalability, and security, three core components of a blockchain network. This means that blockchain networks are unable to maximize the three aspects without compromising on one or two.
Ethereum (ETH) struggles with scalability, and other alternative networks that have attempted to solve the scalability issues have struggled with decentralization.
Is Cardano (ADA) a Decentralized Network?
Cardano (ADA) is a layer-1 blockchain known for its impressive scalability capabilities, and it was created by Input Output Global, which is led by Charles Hoskinson, a co-founder of Ethereum. He was one of the five founders of Ethereum, and he left after a dispute regarding the future of the network.
Charles has been particularly outspoken about the prospects of Cardano (ADA) and the blockchain landscape. Cardano (ADA) is one of the most improving networks in the landscape and has had impressive upgrades in the past two years. Another upgrade in sight will see the network move to what it calls the Voltaire phase.
Charles Hoskinson recently discussed the significance of the new upgrade in a recent update to the community. CIP-1694, the proposed upgrade, will enable new ways of community governance, and Charles believes this will be a wake-up for the industry.
Cardano (ADA) has one of the highest developer activities, a sign of continuous building on the network. Cardano (ADA) is an excellent hold toward the bull market, but you can consider better profit opportunities with Uwerx.
Uwerx (WERX) As A Decentralized Platform
Uwerx is a new Ethereum-based freelance platform aiming to decentralize the freelance economy. A decentralized freelance market will mean users can create more value and earn more. Profit and other values that would have gone to the centralized platform are preserved in the economy for users.
Uwerx uses blockchain to ensure proper decentralization, allowing users to hold a stake in governance with the WERX native token. Besides payment and other utilities, WERX holders can stake their tokens for veto power. This will create a DAO model that leaves project decisions to proposals and consensus.
Uwerx will charge only a 1% flat fee and will include other unique features such as transparent pricing, personalized matching, and incentivization of user activity on the network.
Uwerx has been audited by SolidProof and InterFi Network, and the team will renounce the contract once the platform launches to allow for more decentralization and leave subsequent project decisions to the community.
This week, an interactive prototype will be made available during the presale, which will include registration pages for both freelancers and clients. Next week, we plan to reveal the Uwerx Vault feature. Also, a survey will be conducted to decide on the date for the test airdrop.
With WERX being the store of value for this prospective project, you can get in incredibly cheap at $0.047725 on presale. Enter the presale and claim a 15% bonus waiting for you.