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Educational Byte: Centralized Vs. Decentralized Coins – or Your USDT Can Be Frozen
This story was originally published on HackerNoon at: https://hackernoon.com/educational-byte-centralized-vs-decentralized-coins-or-your-usdt-can-be-frozen.
If you’re holding something like USDT or USDC, your coins can be stopped in their tracks. So, let’s explore what you need to check about your coins.
Check more stories related to web3 at: https://hackernoon.com/c/web3.
You can also check exclusive content about #decentralization, #centralization, #stablecoins, #blockchain-censorship, #private-keys, #obyte, #usdt-or-usdc, #good-company, and more.
This story was written by: @obyte. Learn more about this writer by checking @obyte's about page,
and for more stories, please visit hackernoon.com.
Some coins are built in a way that allows companies or even governments to freeze or seize your funds. Centralized coins rely on smart contracts or systems that can be modified by the issuer. Decentralized coins are the ones that align with the original vision of crypto: no middlemen, no single point of failure.
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By HackerNoonThis story was originally published on HackerNoon at: https://hackernoon.com/educational-byte-centralized-vs-decentralized-coins-or-your-usdt-can-be-frozen.
If you’re holding something like USDT or USDC, your coins can be stopped in their tracks. So, let’s explore what you need to check about your coins.
Check more stories related to web3 at: https://hackernoon.com/c/web3.
You can also check exclusive content about #decentralization, #centralization, #stablecoins, #blockchain-censorship, #private-keys, #obyte, #usdt-or-usdc, #good-company, and more.
This story was written by: @obyte. Learn more about this writer by checking @obyte's about page,
and for more stories, please visit hackernoon.com.
Some coins are built in a way that allows companies or even governments to freeze or seize your funds. Centralized coins rely on smart contracts or systems that can be modified by the issuer. Decentralized coins are the ones that align with the original vision of crypto: no middlemen, no single point of failure.