Minimum Viable Decentralization

Mining Concentration in crypto refers to the degree to which a few entities control a majority of the network’s mining power, impacting decentralization and security.

Minimum Viable Decentralization (MVD) refers to the balance between a system’s decentralization and its functionality. The concept recognizes that while complete decentralization is often the ideal goal for many projects, it may not be practical or necessary at every stage of development.MVD suggests that developers should aim for a level of decentralization that meets the essential needs of the users while still allowing the project to operate effectively. This means implementing enough decentralization to safeguard against single points of failure or control, while also ensuring that the system can grow and adapt to user demands.In practice, MVD allows teams to retain some centralized control during the early phases or in areas where quick decision-making is crucial, such as scalability and user experience. As the project matures and the community grows, more aspects can be decentralized to increase trust and resilience. Ultimately, MVD is about finding the sweet spot where decentralization enhances the project’s objectives without hindering its practical implementation.

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