How Massa is solving blockchain trilemma with novel approach - part 2: Decentralization

In part one I've talked about how Massa's Blockclique architecture solves scalability aspect of blockchain trillema and now in part two lets discuss what Massa does to be truly decentralized and why is it even an issue in the first place.

So to reiterate blockchain trilemma is a quest to find a sweet spot between scalability, security and decentralization.

An argument can be made that we lived with old financial system, that is heavily centralized, for years and it has been working so war. To counter that I invite you to look at just one 2022 headline: Crypto companies crash into bankruptcy. FTX, Terra, Three Arrows Capital, Voyager, Celsius, BlockFi. What they all have in common apart from poor risk management? They were centralized entities. Ironically, all those companies were working in the industry that tries to bring decentralization to masses. In response to these crashes other centralized entities were forced to disclose their financial data to public, which is a step forward but does not solve the root cause entirely.

The foundation of the cryptocurrency industry has always been and will continue to be decentralization. The creation of Bitcoin was a direct reaction to the 2008 financial crisis, in which centralized finance repeatedly failed to serve the public. However, in the past 10 years, the reality has deviated from Satoshi's original vision as centralized exchanges have grown in popularity and control over assets. Despite this, decentralized protocols have continued to develop and mature, offering a viable alternative to centralized systems.

To be truly decentralized financial protocols need to be built on a decentralized blockchain, otherwise they can be shut down or manipulated from an underlying centralized platform.

That's where Massa steps in. Massa Labs vision is to have a product that is decentralized by design.

An indication of Massa's strong decentralization is that operating a node is not exclusive to a select few. Any person can run a node, the only requirement being possession of a small amount of Massa tokens. As indicated by a testnet hardware requirement to run a node are sparing as well. This greatly increases community involvement, removes obstacles to widespread adoption and further decentralizes the network.

The infamous crypto proverb "Not your key, not your money" did not appear out of thin air but rather was forged from a sorrowful experience of thousands of people losing millions of dollars.

To address the shortcomings of the past, financial sector has to be decentralized, which alligns perfectly with Massa's vision and purpose.