Active User Participation - The Key to More Evolved Ecosystems ??
Dear?SelfKey?Astronauts,
Centralization and a non-democratic decision-making structure in the traditional financial industry were probably the most significant factors that provoked the development of crypto. And over the past decade or so, crypto has tried to rectify these fundamental issues of the traditional financial industry.
Although crypto has come a long way during the past decade and even cemented its place as a new-age technology, it still has a long way to go. And improvements to active user participation are probably one area that demands more attention from the crypto community.
Active user participation can make networks more decentralized and hence more democratic. However, several crypto products and platforms that have gained prominence among the community are far more centralized than the vision set out by crypto’s core tenets of decentralization. This lingering centralization has probably caused users to shy away from being active participants in centralized crypto networks.
However, recent events – both favorable and unfavorable – have contributed to positive changes toward active user participation within the industry. And this can potentially lead to more decentralized networks and democratic governance through DAOs.
The past, present, and future of crypto have always been about decentralization. And decentralization is a continuously evolving process that relies on active user participation and constant feedback from the community. The crypto industry will need projects like the?SelfKey?ecosystem – which encourages active user participation – to achieve its vision of becoming a better version of the traditional financial industry.
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