Blockchain technology brought many vital features but the most crucial of all remained decentralization. However, some people see burgeoning space forgetting its core values and getting prey of increasing centralization and misuse of power. Telegram executive raises concerns about the same and said the company is looking to work towards betterment of the decentralized sector.
Telegram CEO Calls for Decentralization
Chief executive officer of the prominent social media messaging application Telegram, Pavel Durov shared a message over the platform on 30th November. He wrote the blockchain industry forgetting its promise of decentralization turned towards centralization and the power got centered. The concentration of power led to its abuse and FTX collapse like instances are its repercussions and people end up losing their money.
He noted that projects over blockchains need to go to their roots of decentralization. The current times require crypto users to deal with trustless transac
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