Is ATOM Decentralised?" I ask, genuinely curious about the inner workings of this cryptocurrency. ATOM, as I understand, is the native token of the Cosmos Network, a blockchain-based ecosystem designed to enable interoperability among various blockchains. But what exactly does decentralisation mean in this context? Is it truly decentralised, or are there centralised elements that govern its operations?
Decentralisation, in the world of cryptocurrency, is often touted as a key feature that ensures security, transparency, and resilience. It means that the network is not controlled by a single entity or central authority, but instead, it relies on a distributed network of nodes to maintain its operations.
So, when it comes to ATOM, is it truly decentralised? Or are there certain aspects that are still controlled by a centralised entity? I'm eager to understand the intricacies of this cryptocurrency and how its decentralisation impacts its overall functionality and security.