Blessing Adeoye

“Decentralization” in Web3 is often seen as a badge or certificate that justifies that a system has no authority and gives users full control. But in reality, it’s about building systems that can’t be easily tampered with. A system where decisions aren’t made by a few, where transparency is built into the system to ensure users aren’t just participants, but part of the foundation. However, decentralization isn’t a single checkbox, quick fix, or perfect revolution.

Degen, built on the Base network, is a Layer 2 Ethereum network with low transaction fees and scalability. Launched by Jacek Trociński, a visionary of utility and a strong community foundation, the project was designed as a reward token to create a social and community orientation within the Farcaster ecosystem, a group of developers who share the passion for creating social media applications.

Bitcoin started as a resistance to the financial world, built to challenge the centralized systems that control money and policy. Surprisingly, it’s now being welcomed by the institutions it was meant to bypass. This unexpected shift from a decentralized protocol to a globally recognized asset raises important questions. How will this new development shape Bitcoin’s future and global impact?