Decentralized Space
Decentralized space is a term used to refer to applications and services that are hosted on decentralized networks. Decentralization means that the data or functions of these systems are distributed across multiple computers, often referred to as nodes. This provides greater security, scalability and control over traditional centralized solutions because it eliminates single points of failure and allows for real-time updates without having to rely on any one source.
The concept of decentralizing application development has been around since before Bitcoin was released in 2009 but has become increasingly popular due to its resilience against censorship, frauds, downtime and cyber attacks. It enables developers can create more secure applications with fewer resources by allowing them share load between many different devices rather than relying on one server for all their needs. Similarly this also leads improved reliability since users don’t have worry about downtimes caused by outages from a single provider like ISPs or cloud providers.
There are several blockchain projects focusing specifically on building decentralized application (dapps) platforms such as Ethereum, EOSIO , Tron etc which allow developers build dapp easily using smart contracts . These platforms provide an easy way for developers build complex networked apps powered by cryptocurrency tokens such as Ether(ETH). Furthermore there is increasing interest in developing other types of decentralized services such as storage solutions (IPFS), file sharing protocols (BitTorrent & Swarm), streaming media protocols (Substratum) etc which would further reduce reliance central authorities while providing users with better access privacy protection tools when it comes accessing information online .
