Web3 can only be as decentralized as its supporting infrastruc | Bullets

Web3 can only be as decentralized as its supporting infrastructure

Contrary to Satoshi Nakamoto’s initial Bitcoin whitepaper, modern blockchains are far more centralized than desired. If collusion of major node providers happens, Web3 will lose all of its merits over Web2, including censorship resistance and trustworthiness. It would be left with just its shortcomings, including comparatively expensive fees and poor transactional throughput.

To prevent centralization and blockchain’s infamous “single point of failure,” decentralized infrastructure providers are gaining significant traction. This bodes well for the likelihood that Web3 ecosystems will stay robust and decentralized.

https://blockless.medium.com/web3-can-only-be-as-decentralized-as-its-supporting-infrastructure-8d03ebea655a