Decentralization is the very core of what blockchain is all about, the technology that revolutionize everything we know today especially in the area of finance and where all cryptocurrency is built as it tries to achieve what the traditional institutions has failed to which is limited hugely due to it's centralized nature which makes single point of failure very easy and possible unlike in a decentralized system, almost every cryptocurrency is based on a decentralized blockchain platform.
The importance of blockchain to cryptocurrency isn't fully being emphasized to be honest, without it cryptocurrency will not exist and infact the very idea of cryptocurrency would be meaningless without it, truly decentralization is where the whole ideal is based on and what makes cryptocurrency to be in stark contrast to the centralized to fiat, decentralization of power among different computer nodes makes blockchain ideal for cryptocurrency to achieve it's purpose.
So decentralization plays a crucial role to all cryptocurrency but today I will like to deal more on the role decentralization plays to pussfi, because without it then there is no essence, decentralization is the lifeblood of this new and modern currency and that's no different for pussfi and the role of decentralization is to pussfi will be properly analyzed in my post today and I will be providing a detailed breakdown.
Infrastructure and Trust
The area of infrastructure and trust is one key area that decentralization plays a crucial role to pussfi because in the absence of that it becomes really difficult for users to come into pussfi ecosystem, decentralization help garner the trust of users on pussfi and it's infrastructures. Ofcourse it's no secret that pussfi is based on or operates off of the tron network and we got to understand that as a Trc-20 standards all of pussfi core functions whether token transfer and everything else runs on a decentralized code, yes pussfi runs on a decentralized smart contract.
The very servers on which pussfi functions are not a centralized one, the fact that pussfi runs on decentralized serves makes it more trustworthy. When we also look at pussfi and the role of decentralization to it like the fact that for holding of your coins user custody is assured with pussfi using tronlink pro which is a custodial wallet and this means that users doesn't have to worry about the security of their assets as they would have full control over their own coins and don't need any third parties like in a centralized wallet or exchange as the case may be.
Centralized financial institutions today and all it has to offer hasn't really done much to alleviate people from their fears as some fear they would be event when they could lose control of their asset, but with pussfi it's not that way. Decentralization and using custodial wallet ensures you own and control your own asset, possessing the only set of private keys to access it, no third party involved. And decentralization garners trust more because it's made the pussfi ecosystem to be more transparent as anyone at any time could verify transaction, so decentralization has helped ensure there is less manipulation to everything happening on pussfi platform which is really a major role.
Governance and Community Participation
Decentralization could ensure for a full governance and community participation, that would sure be nice for pussfi ecosystem. What I am talking about here is the role of decentralization to pussfi and the impact it could have on pussfi potentially as well if pussfi ever decide to go down the path which is a future in decentralized autonomous organization (DAO). How would this function really?
Well decentralization means that pussfi has the groundwork to implement decentralized governance any time it wishes, which when implemented would allow users to vote on changes on the pussfi ecosystem and they can do this by using the very native token of the platform which is puss token, now how nice would that be? Very wonderful I suppose, and being built on a decentralized platform is what would help pussfi to potentially achieve this goal. DAO means the community of pussfi being more involved in the decision making of the platform, they could vote and even propose on changes which would make users feel valued really.
We would have what is a decentralized decision making made possible by decentralized blockchain, the decisions made wouldn't just be one made by the top management to be passed down to the underlings to follow sheepishly, instead major decisions affecting pussfi future or that could shape pussfi like nft integration or even game integration or any other thing else affecting pussfi, the users have a say and make their opinions known through voting. This encourages participation and would make us have what is a community led development.
Ecosystem Resilience and Expansion
Decentralization has also impacted pussfi ensuring that there is ecosystem resilience and making room possible for expansion. Well in the part of ecosystem resilience, decentralization means there can't be any central point of failure which is common in platforms operating on a centralized server, for pussfi it's not so. Running built on a decentralized server means that the pussfi platform can't or won't be shut down and it also protects it from censorship which ensures longevity.
I mean when there is little of no risk of central point of failure, no fear of being shut down or censored what all that helps to increase is pussfi chances of surviving in the long run which ofcourse is the mission statement of all strong project, survive and thrive. Being decentralized means there is permissionless access to pussfi and there is no restrictions or entry barrie common in many traditional centralized systems we have today, because of the permissionless access it thus helps to encourage more users participation.
Decentralization ensures that when it comes to pussfi anyone could freely interact with each other and you could use the many services in the platform without any need for waiting on someone to sign off an approval before you could get started, that's what permissionless access entails, this drives more user adoption truly, there can be no mistake about that as no one likes being told to wait before accessing something and pussfi with the help of decentralization leaves the door open for all, and decentralization also ensures pussfi is interoperable with other systems which ensures that more partnership that could help pussfi expansion in the future remains possible.
Value Redistribution and User Ownership
This is another role of decentralization to pussfi, ensuring for a value redistribution and user ownership. The fact that we have a token based incentives. With pussfi there are lots of activities users could engage in and potentially earn from those. We have staking, users could stake their token and earn passive income from it, we also have farming and with the growth of pussfi and full integration of nft market place users could also earn NFTs and this all is in accordance with the goal of the project as it will help it grow.
Incentives is one of the things that bring people into a project, infact it's in human nature, no one wants to do something that there is nothing in it for them, so pussfi using decentralization solves this as it aligns incentives between both users and developers. Involve in either of staking of farming and earn puss token as reward and we know that puss is integrated on steemit and creators are also able to earn puss rewards and they do this absence of any platform central rules largely due to the decentralized nature of the platform and very importantly pussfi.
Pussfi contributes to the creator economy on pussfi, offering real value and incentives for creators knowing no rules at all would hinder their puss rewards. In the future until such a time the platform would integrate nft, it would also be possible for users to truly own their own nft collectibles, trading , selling or using this NFTs themselves or simply holding, whatever is the choice and ofcourse decentralized blockchain platform helps to make all this possible for pussfi, so make no mistake the importance or the pivotal role decentralization plays and could still do for pussfi can't be overly emphasized as there are lots of things that isn't just feasible in a centralized system running on centralized nodes or servers.
Conclusion
For a fact decentralization is a blessing to our new asset class cryptocurrency, not just for pussfi but all cryptocurrency in general and this is the reason why many are moving towards cryptocurrency, and is goods to see that for pussfi decentralization plays a major role to it now and in the future, most especially the fact that it ensures trust it's something that pussfi leverages as it continues to seek mass adoption.