Is it Really Decentralized? Analysis of the Status of Blockchain Project Organization
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  • 2022-09-21
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Summary:Said to blockchain project, many people will mention the word "decentralization", most people understand decentralization is that there is no absolute power center, all around a common goals and project work.

Said to blockchain project, many people will mention the word "decentralization", most people understand decentralization is that there is no absolute power center, all around a common goals and project work, and then get the corresponding returns, the blockchain market also have a lot of project claim to build a decentralized project, or in the form of decentralized operation, But is this really the case?

Another way of operation is that B is another well-known blockchain project. Its sponsor, or founder, does not register a company through the form of a foundation, and participates in the development and operation of the project as an individual like ordinary developers, and gets the corresponding token distribution and income. EOS is a project initiated by BM. Blockone develops the corresponding program for EOS for the development company commissioned by the EOS project. Finally, Blockone completes the development, gets the development fee, walks away and leaves the project to the community, thus realizing the decentralized process of the project.

Of course, from the comparison of the two, project A appears to be more centralized, while project B is more decentralized, so it should be that project B is more in line with blockchain market expectations, but in fact it is the opposite. Ethereum has become A value coin, while EOS is regarded as Altcoin by most people.

So market began to put this model B slightly processing, will develop company and project in-depth binding, which is what we see the main program, the founder of doubles in the project development of the company's CEO, won't appear such projects like blockone deadlock situation after making money, while the project itself is more centralized.

At this point, it's important to understand that most projects in the market today have a core development team that keeps the development and marketing going. The development team will also set up corresponding physical companies, so we can think of most blockchain projects as actually being run as companies, and some as foundations.

The developer divide is behind the company is also helpless, because it is impossible for most projects like bitcoin, Ethereum, their projects are started with no takers, so development, publicity and other activities can only rely on decentralized communities to complete, so inevitable founder need spend money hiring talent to do these things, This includes code writing, promotional activities and user Q&A, community relations, etc.

In other words, most of the coins we buy are actually "company coins", which makes it easy to understand why DODO would leave development to a duck, since this is a normal business practice. It's not just DODO. It's also used by many different projects.

As China's labor cost is lower than that of Europe and the United States, and overtime culture prevails, the corresponding competitiveness will be much faster. Therefore, in fact, many well-known foreign projects are actually supported by programmers or operation and maintenance personnel from some unknown domestic companies. At the same time this explains why this round of bull market does not have what well-known can play out of the domestic project, but there are many projects we call domestic project. The core of this project is that although the project side is registered abroad, but the work is Chinese.

And although China banned domestic block chain issuing of the project, but in essence, this mode is not in violation of the law, because the project is in abroad, and domestic companies is only the cooperation relations, and even registered company in China for project, the CEO of foreign recruiters work for your project, all of these, the project depend entirely on the community is difficult to achieve normal development, therefore the necessary centralization of organization is still a necessary condition for development.

Conclusion

We often see and hear the most decentralized project is difficult to stand up to scrutiny in a strict sense, it also illustrates the current block chain and Web3 emerging concept is still in its early development, a lot of things is not mature, decentralization is still to blockchain project a vision of development, also has the very big development space in the future.

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