Decentralization, just like any other system, has its disadvantages. However, decentralization maximalism doesn&rsquo;t take any of them into account when evaluating the benefits it could provide.&nbsp;</p>\n<p>The main disadvantages that come with decentralization are a lack of a continuous vision, loss of control, <strong>high costs</strong>, and general inefficiency. In extremely dire situations, an absence of a governing authority can even make it possible for it to turn into full-blown anarchy.</p>\n<p>When it comes to the crypto sector, especially <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-defi/">decentralized finance (DeFi)</strong></a>, decentralization maximalists are generally seen as extremists that see their viewpoint as superior to any other.&nbsp;</p>\n<p>Another example of this type of thinking is Bitcoin Maximalists. 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Cryptocurrencies?","featured_image_id":10342,"status":"published","chapter_id":7,"language":"en","order":1,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/where-to-trade-crypto","featured_image":{"id":10342,"uuid":"0bd8d78a-9423-48ee-9161-34dc1872b97c","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/where-to-trade-crypto-featured-image.jpg","path":"crypto/storage/optimized/where-to-trade-crypto-featured-image.jpg","original_path":"crypto/storage/original/where-to-trade-crypto-featured-image.jpg","name":"where-to-trade-crypto-featured-image.jpg","original_name":"where-to-trade-crypto-featured-image.jpg","title":null,"alt":null,"width":1024,"height":576,"disk":"spaces","status":"uploaded","readable_file_size":"85.96KB"},"youtube_video":null},{"slug":"how-to-invest-in-crypto","title":"Investing in Crypto: What Investing Options Do You Have?","featured_image_id":10729,"status":"published","chapter_id":7,"language":"en","order":2,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-invest-in-crypto","featured_image":{"id":10729,"uuid":"3439a1db-9892-404a-b4b6-a1db5a34bca4","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/how-to-invest-in-crypto-featured-image.jpg","path":"crypto/storage/optimized/how-to-invest-in-crypto-featured-image.jpg","original_path":"crypto/storage/original/how-to-invest-in-crypto-featured-image.jpg","name":"how-to-invest-in-crypto-featured-image.jpg","original_name":"how-to-invest-in-crypto-featured-image.jpg","title":null,"alt":null,"width":1024,"height":576,"disk":"spaces","status":"uploaded","readable_file_size":"75.22KB"},"youtube_video":null},{"slug":"ico-vs-ido","title":"ICO vs IDO vs IEO: Which One is the One?","featured_image_id":11310,"status":"published","chapter_id":7,"language":"en","order":3,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/ico-vs-ido","featured_image":{"id":11310,"uuid":"315e8a2b-93a1-4870-be48-a2a09d801663","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/ico-vs-ido-featured-image.jpg","path":"crypto/storage/optimized/ico-vs-ido-featured-image.jpg","original_path":"crypto/storage/original/ico-vs-ido-featured-image.jpg","name":"ico-vs-ido-featured-image.jpg","original_name":"ico-vs-ido-featured-image.jpg","title":null,"alt":null,"width":1024,"height":576,"disk":"spaces","status":"uploaded","readable_file_size":"64.39KB"},"youtube_video":null},{"slug":"what-is-an-airdrop","title":"What are Crypto Airdrops and How to Get Them?","featured_image_id":11359,"status":"published","chapter_id":7,"language":"en","order":4,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-an-airdrop","featured_image":{"id":11359,"uuid":"7b43c968-1275-4d3e-acb1-1707a43a4014","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/what-is-an-airdrop-featured-image.jpg","path":"crypto/storage/optimized/what-is-an-airdrop-featured-image.jpg","original_path":"crypto/storage/original/what-is-an-airdrop-featured-image.jpg","name":"what-is-an-airdrop-featured-image.jpg","original_name":"what-is-an-airdrop-featured-image.jpg","title":null,"alt":null,"width":1024,"height":576,"disk":"spaces","status":"uploaded","readable_file_size":"66.05KB"},"youtube_video":null},{"slug":"how-to-get-free-crypto","title":"How to Get Free Crypto Assets?","featured_image_id":6542,"status":"published","chapter_id":7,"language":"en","order":5,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-get-free-crypto","featured_image":{"id":6542,"uuid":"4fceb9ab-391e-4ef9-b00d-c871a49878a3","public_url":"https://assets.bitdegree.org/crypto/storage/media/how-to-get-free-crypto.o.jpg","path":"crypto/storage/media/how-to-get-free-crypto.o.jpg","original_path":"crypto/storage/media/how-to-get-free-crypto.jpg","name":"how-to-get-free-crypto.o.jpg","original_name":"how-to-get-free-crypto.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"93.93KB"},"youtube_video":null},{"slug":"how-to-arbitrage-crypto","title":"What is Crypto Arbitrage: The Main Principles","featured_image_id":null,"status":"published","chapter_id":7,"language":"en","order":6,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-arbitrage-crypto","featured_image":null,"youtube_video":null},{"slug":"what-is-fud","title":"What is FUD: How to Use It to Your Advantage While Investing in Crypto?","featured_image_id":11394,"status":"published","chapter_id":7,"language":"en","order":7,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-fud","featured_image":{"id":11394,"uuid":"defd32c5-d3e1-4e66-9f58-e2ee316bad3a","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/what-is-fud-featured-image.jpg","path":"crypto/storage/optimized/what-is-fud-featured-image.jpg","original_path":"crypto/storage/original/what-is-fud-featured-image.jpg","name":"what-is-fud-featured-image.jpg","original_name":"what-is-fud-featured-image.jpg","title":null,"alt":null,"width":1024,"height":576,"disk":"spaces","status":"uploaded","readable_file_size":"65.30KB"},"youtube_video":null},{"slug":"investing-in-cryptocurrency","title":"Investing in Cryptocurrency: How to Manage Your Risks?","featured_image_id":null,"status":"published","chapter_id":7,"language":"en","order":8,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/investing-in-cryptocurrency","featured_image":null,"youtube_video":null},{"slug":"what-is-a-rug-pull-in-crypto","title":"What is a Rug Pull in Crypto?","featured_image_id":6532,"status":"published","chapter_id":7,"language":"en","order":9,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-a-rug-pull-in-crypto","featured_image":{"id":6532,"uuid":"be8043fb-078c-4487-9af9-d2d9c2b574ea","public_url":"https://assets.bitdegree.org/crypto/storage/media/what-is-a-rug-pull-in-crypto.o.jpg","path":"crypto/storage/media/what-is-a-rug-pull-in-crypto.o.jpg","original_path":"crypto/storage/media/what-is-a-rug-pull-in-crypto.jpg","name":"what-is-a-rug-pull-in-crypto.o.jpg","original_name":"what-is-a-rug-pull-in-crypto.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"92.28KB"},"youtube_video":null},{"slug":"how-to-avoid-rug-pulls-in-crypto","title":"How to Spot and Avoid Rug Pulls?","featured_image_id":6555,"status":"published","chapter_id":7,"language":"en","order":10,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-avoid-rug-pulls-in-crypto","featured_image":{"id":6555,"uuid":"80cbed9d-3b4b-45d9-9a85-d2d8108c0f32","public_url":"https://assets.bitdegree.org/crypto/storage/media/how-to-avoid-rug-pulls.o.jpg","path":"crypto/storage/media/how-to-avoid-rug-pulls.o.jpg","original_path":"crypto/storage/media/how-to-avoid-rug-pulls.jpg","name":"how-to-avoid-rug-pulls.o.jpg","original_name":"how-to-avoid-rug-pulls.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"111.99KB"},"youtube_video":null},{"slug":"how-to-avoid-crypto-taxes","title":"The Key Legal Techniques of Avoiding Crypto Taxes","featured_image_id":6526,"status":"published","chapter_id":7,"language":"en","order":11,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-avoid-crypto-taxes","featured_image":{"id":6526,"uuid":"1e44162c-ef1d-4010-81b4-9e8d1809aedf","public_url":"https://assets.bitdegree.org/crypto/storage/media/how-to-avoid-crypto-taxes.o.jpg","path":"crypto/storage/media/how-to-avoid-crypto-taxes.o.jpg","original_path":"crypto/storage/media/how-to-avoid-crypto-taxes.jpg","name":"how-to-avoid-crypto-taxes.o.jpg","original_name":"how-to-avoid-crypto-taxes.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"99.10KB"},"youtube_video":null}]},{"id":8,"title":"Crypto Analysis","slug":"crypto-analysis","updated":null,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/learn-crypto-analysis.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-analysis-101.jpg","rating":100,"sections":[{"slug":"what-is-bullish-and-bearish","title":"Bearish and Bullish Markets: Do They Matter?","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":1,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-bullish-and-bearish","featured_image":null,"youtube_video":null},{"slug":"best-technical-analysis-indicators-for-crypto","title":"5 Best Crypto Technical Analysis Indicators You Must Know About","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":2,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/best-technical-analysis-indicators-for-crypto","featured_image":null,"youtube_video":null},{"slug":"what-is-candlesticks","title":"Technical Analysis: What are Candlesticks, Trendlines, and Patterns?","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":3,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-candlesticks","featured_image":null,"youtube_video":null},{"slug":"how-to-track-new-crypto-coins","title":"Crypto Tracking: How to Track Your Favorite Coins & Tokens?","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":4,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-track-new-crypto-coins","featured_image":null,"youtube_video":null},{"slug":"how-to-research-crypto","title":"Crypto Research Fundamentals & Social Signals: Your Daily Trading Strategy","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":5,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-research-crypto","featured_image":null,"youtube_video":null}]},{"id":9,"title":"Mining","slug":"mining","updated":false,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/learn-crypto-mining.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-mining-101.jpg","rating":80,"sections":[]},{"id":10,"title":"Crypto Terms","updated":false,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/crypto-101-glossary.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-glossary-101.jpg","rating":100,"sections":["A","B","C","D","E","F","G","H","I","J","K","L","M","N","O","P","Q","R","S","T","U","V","W","X","Y","Z"]}],"nextSection":{"id":865,"original_id":null,"author_id":43,"translator_id":null,"title":"What is Digital Signature Algorithm (DSA)?","slug":"what-is-digital-signature-algorithm-dsa","section":"D","keyword":"Digital Signature Algorithm (DSA)","status":"published","definition":"enables the use of digital signatures that’s based on a signature algorithm.","content":"<p>The term <strong>Digital Signature Algorithm</strong> (DSA) is used to describe a type of signature algorithm that was introduced in 1991 by the National Institute of Standards and Technology (NIST) in the United States. It was developed until it eventually reached the stage where it was able to be implemented as a part of the Federal Information Processing Standards (FIPS) in 1994.</p>\n<p>DSA is based on the difficulty of discrete logarithm problems and <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-public-key-cryptography/">public key cryptography</strong></a> (asymmetric cryptography) on a public key algorithm. It&rsquo;s usually combined with other security protocols such as the <strong>Secure Sockets Layer (SSL)</strong> or Pretty Good Privacy (PGC) protocols.</p>\n<p>Before we dive even further into this term, you must know the definition of a <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-digital-signature/">digital signature</strong></a>.</p>\n<p>What is a digital signature? It&rsquo;s a mathematical mechanism developed for the purpose of <strong>determining whether a digital document is authentic or not</strong>. It can also be described as a tool based on a signature algorithm that allows users to check if the message has been modified after signature.&nbsp;</p>\n<p>Firstly, a digital signature proves that a document has been sent by an authenticated party. Secondly, it establishes the fact that the document hasn&rsquo;t been tampered with.</p>\n<p>Why are digital signatures important in the first place? They&rsquo;re one of the pillars upholding the security of computers today.</p>\n<p>The digital signature algorithm is what enables the creation of digital signatures.&nbsp;</p>\n<p>They&rsquo;re generally used for digital documents but have also been applied for authenticating messages. For example, it can add another layer of security for sending and receiving emails that hold extremely sensitive information.&nbsp;</p>\n<p>The digital signature algorithm consists of three stages:</p>\n<ol>\n<li>Key pair generation;</li>\n<li>Signing a document;</li>\n<li>Verifying whether the signature of the document is correct.</li>\n</ol>\n<p>As mentioned above, the first stage is generating a DSA key pair. Its two main elements are a <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-public-key/">public key</strong></a> and a <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-private-key-secret-key/">private key</strong></a>. The public key, just as the name implies, is public, meaning it can be accessed and shared between multiple parties. The private key, on the other hand, remains confidential. However, it&rsquo;s always randomly generated.&nbsp;</p>\n<p>Whoever is generating the signature must know the private key so they can complete the second stage of signing the document.</p>\n<p>The public key is needed in order to verify the authenticity of the DSA signature on a document. Keep in mind that this public key must correspond to the private key which was used to generate the DSA signature.</p>\n<p>DSA secures virtual communication efforts by using mathematical functions and conjunction of public and private keys.</p>\n<p>Additionally, DSA is occasionally utilized for key exchange protocols and cryptographic nonce schemes.&nbsp;</p>\n<p>The main advantages of using a digital signature algorithm include:</p>\n<ul>\n<li><strong>Saves space</strong> unlike many other alternative algorithms;</li>\n<li>Already uses asymmetric key cryptography which makes it substantially faster;</li>\n<li>Provides protection against forgery and other criminal activities.</li>\n</ul>","level":"medium","meta_title":"What is Digital Signature Algorithm (DSA)? Definition & Meaning | Crypto Wiki","meta_description":"Digital Signature Algorithm (DSA) meaning: Digital Signature Algorithm (DSA) - enables the use of digital signatures that’s based on a signature algorithm.","meta_keywords":null,"language":"en","created_at":"2022-04-06T13:20:00.000000Z","updated_at":"2022-05-13T14:32:24.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-digital-signature-algorithm-dsa"},"prevSection":{"id":863,"original_id":null,"author_id":42,"translator_id":null,"title":"What is Drawdown?","slug":"what-is-drawdown","section":"D","keyword":"Drawdown","status":"published","definition":"the greatest drop in value from a peak value of an investment over a certain time period.","content":"<p>Usually, &ldquo;drawdown&rdquo; is used to refer to an investment's maximum loss in value from its peak value over a period of time. Drawdown can help you determine how risky a particular investment or fund is and whether it is suitable for you. The <strong>riskier</strong> the fund is, the bigger the possibility for value loss. Therefore, you can choose a fund with fewer drawdowns if you are worried about <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-volatility/">volatility and want a steadier investment ride.</p>\n<p>Drawdown can also be used in trading for things like:</p>\n<ul>\n<li><strong>Describing the difference</strong> between the balance and the equity at any given time.&nbsp;</li>\n<li>Seeing how stable <strong>a</strong> trading strategy or model is over time.&nbsp;</li>\n<li>Estimating how much equity capital would be needed to avoid drawdowns below certain levels.</li>\n</ul>\n<h3>How Is the Maximum Drawdown Calculated?</h3>\n<p>The maximum drawdown (MDD) formula:</p>\n<p>​​<span style=\"color: #ba372a;\"><strong>MDD = (Trough Value &mdash; Peak Value) / Peak Value</strong></span></p>\n<p>The maximum drawdown can be calculated in two ways. If you want to know your maximum loss on a daily basis, you should compare daily trading prices. However, if you are more interested in long-term returns, you should compare <strong>monthly account balances</strong>.</p>\n<p>Talking about the actual calculation process, finding the largest peak in your equity curve is the starting point for determining the MDD. After you've determined where your equity curve's highest peak is, you'll need to determine where its lowest point is. The MDD is calculated by dividing the difference between these two values by the highest point.</p>\n<p>For instance, if <strong>account equity reaches $10,000 </strong>following a trade entry, drops to $9,500, and then rises to $10,500 later, you have a $500 (or 5%) drawdown. Note that many traders consider <strong>a lower MDD</strong> to be important because it signifies less risk.</p>\n<p>However, while the rate of return on investment is important, it doesn't tell the whole story when it comes to risk. An investment could have a high rate of return but its <strong>value could still drop dramatically before increasing again</strong>. Investors would be subjected to increased volatility and more inclined to sell at a loss. The drawdown gives additional information to investors to help them understand how much money they would potentially lose on a specific investment.</p>\n<p>Besides, the <strong>maximum drawdown</strong> is often used to estimate risk in a <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-security/">securities portfolio. A higher MDD suggests a higher risk level, while a lower MDD indicates a <strong>lower risk level</strong>.&nbsp;</p>\n<p>Let&rsquo;s say that an investment fund has an average return of 10% but a maximum drawdown of -20%. It suggests that there were periods when investors might have lost 20% of their investment if they had <strong>bought at the top </strong>and sold at the bottom, even if the average annual return was good.</p>","level":"medium","meta_title":"What is Drawdown? Definition & Meaning | Crypto Wiki","meta_description":"Drawdown meaning: Drawdown - the greatest drop in value from a peak value of an investment over a certain time period.","meta_keywords":null,"language":"en","created_at":"2022-04-06T12:33:21.000000Z","updated_at":"2022-05-13T14:32:24.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-drawdown"},"currentChapter":"D","currentSection":"what-is-decentralization-maximalism","chapterTitle":"D","readingLevel":"easy"},"url":"/crypto/learn/crypto-terms/what-is-decentralization-maximalism","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0">
Handbook Cover Page
Crypto Terms: Letter D

What is Decentralization Maximalism?

Decentralization Maximalism MEANING:
Decentralization Maximalism - is an outlook that highlights the benefits of decentralization in every aspect of one’s lifestyle.
Easy
1 minute

Let's find out Decentralization Maximalism meaning, definition in crypto, what is Decentralization Maximalism, and all other detailed facts.

The term Decentralization Maximalism is used to describe the view that emphasizes the removal of central bodies which take on the responsibility of regulation in every aspect of our lives.

It’s backed by the belief that no central authority will be able to use the powers bestowed upon it for its own personal gain thus avoiding corruption and all activities related to it. 

Decentralization maximalists highlight other advantages of a decentralized system such as democracy, freedom of speech, and community-driven organizations, among other things.

It’s important to keep in mind that the implementation of a decentralized system in every aspect of our lives sounds good only in theory. 

Decentralization, just like any other system, has its disadvantages. However, decentralization maximalism doesn’t take any of them into account when evaluating the benefits it could provide. 

The main disadvantages that come with decentralization are a lack of a continuous vision, loss of control, high costs, and general inefficiency. In extremely dire situations, an absence of a governing authority can even make it possible for it to turn into full-blown anarchy.

When it comes to the crypto sector, especially decentralized finance (DeFi), decentralization maximalists are generally seen as extremists that see their viewpoint as superior to any other. 

Another example of this type of thinking is Bitcoin Maximalists. They take on the view that Bitcoin will become the only cryptocurrency used within the sector due to its unquestionable superiority over every other digital currency.

Be careful as to not confuse decentralization maximalism with the general term decentralization which refers to the lack of central authority in organizations only.
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