Examination of pussfi and it's decentralized nature

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Pussfi is what the name of this communities project is and as members of a community thats on steemit a decentralized social media platform it's only fitting that the pussfi project is decentralized and for this reason I will be examining carefully in my post today just what it is that makes pussfi decentralized because you can't just come up and say a project is decentralized without first of all considering some core areas of great importance which will help shed light to it's decentralization.

Examination of pussfi and it's decentralized nature will help us consider if it's really worth it because truth be told no one who is involved or has been involved with blockchain technology for long will want to get into a project that centralized as it goes against everything blockchain stands for, infact the concept of a centralized project in a decentralized platform is something that shouldn't be allowed and should be shunned even though they are prevalent today.

Mind you it is true that blockchain technology ensure decentralization to project due to its inherent nature but make no mistake pussfi or any project being built on blockchain is not the guarantee that a project is necessarily decentralized as there are other matters that merit consideration and also determine how truly decentralized a project is and in the case of pussfi will be breaking it down to grasp just how decentralized pussfi coin.

Token Distribution

The way project token is being distributed greatly determines just how decentralized it is, but when we talk about token distribution what comes to mind, what exactly are we referring to. Well token distribution deals majorly with how a token in this case how pussfi token which is $PUSS was generated among the holders according to its total supply, it's just important to know this as this determines how decentralized pussfi is.

Ofcourse many maybe puzzled by this or even begin to wonder just how token distribution affects how decentralized a project is well that's simply due to the fact that few addresses holding huge amount of a project inevitably makes these group of persons whales and what happen it's whenever this whales speculate to sell off market dumps as many panic to sell or when they are accumulating people wants to buy too which inevitably makes this individual have major influence over the market movement of the token and puts it's decentralization into question.

But in the case of pussfi we can say it's decentralized due to the manner the token was distributed as there was no coin or token allocated to the founders like we see in many projects where the team of an elite few holds large chunks of the token before the token making the token susceptible to dumping in an event they decide to sell so for pussfi everyone has to buy the token to own it, none was given to anyone making it fair and have a true sense of decentralization and as such it makes it much harder for the price of pussfi to be easily manipulated.

Blockchain Network & Consensus Mechanism

The blockchain network and it's consensus mechanism it's another great determining factor of how decentralized a project is, many blockchain network now especially the new ones coming up aren't really as decentralized as it needs to be, so to understand if pussfi is decentralized we have to know first it's consensus mechanism and the blockchain network it operates on. Pussfi operates or is built on the tron blockchain and the tron blockchain uses the delegated proof of stake consensus mechanism.

The delegated proof of stake makes us of super representative to ensure transactions are validated and they are not fixed and could be changed any time by the will of the community making it possess a feature of decentralization just like in the proof of stake consensus mechanism, so the idea here is that no single entity has control over the network making it decentralized so considering that pussfi operates on trx decentralized blockchain network using delegated proof of stake (DPoS) it's safe to say that pussfi is decentralized to the core.

It's really important to always check how decentralized a blockchain network is so as not to end up in one that control is concentrated on the hands on few miners or validators that will greatly undermine the security of the project as it would mean that it's centralized despite being built on blockchain, so decentralization is key and important and validation spread across many in the network ensures less chance of manipulation and makes the system robust.

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Exchanges: Centralized vs. Decentralized

This is just another aspect too which I will like to look into as we determine just how decentralized pussfi is, yes for a fact decentralized and centralized exchanges play a role in determining this, examine closely if a project is listed on cex or dex or in both or just in one. Now when I talk about Cex I mean centralized exchanges and they include exchanges like bybit, binance, Poloniex, huobi, Mexc just to name a few and they are called centralized because they are controlled by the centralized authority and has access to our private keys.

Centralized exchanges is quiet different from decentralized exchanges because in decentralized exchanges the individual have absolute control over their account and exchanges like Sun swap, Uni swap and pancakeswap are example of decentralized exchanges so if pussfi is decentralized then it has to be listed on decentralized exchanges as well not only centralized exchanges because if a token is only listed on centralized exchanges it makes it more susceptible to manipulation and in the case of pussfi for a fact it's decentralized as apart from the host of centralized exchanges it's listed on it's listed on sun swap as well which is a decentralized exchange.

So in determining how decentralized pussfi is, checking and understanding that it's listed also in decentralized exchanges fills us with confidence about the project and makes us confident of it's future as being available in decentralized exchanges means that pussfi is available to a market thats well established and decentralized so it's important before investing on a project check if its listed on DEX that's another thing that determines just how decentralized it is.

Community Involvement

How involved is the community in the project. If a project is on a decentralized market then there is only one thing that ensures it flourishes and that's when the community is active and participate in the decision making of the project, that's the only way a decentralized market thrives, so the community needs to join in decision making of the project, in it's development and distribution that's just the only sure way of ensuring growth.

When a project has a strong and active community it helps ensure the project maintains it's decentralized nature as an active community participate easily in it's governance and help to spread awareness of the project across many social media platform and this much awareness and participation in the governance by the community ensure that the growth or success of the project isn't tied to a few central entities.

Now when we look at pussfi then clearly we can know there is no shortage of community participation as the communities help to create awareness across many social media platform helping many come to know about this project thus increasing the number of people involved in it's governance as it helps drive adoption so looking at the size and activities of the Pussfi project community looking at how there is active forums and social media discussions even in a decentralized social media platform fills one with confidence of pussfi true decentralized nature as being one that is undeniable.

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Conclusion

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I believe these factors I highlighted are really important in determining how decentralized pussfi is, so to me the fact they have an active community who participate in it's governance, and operates on trx network having a delageted proof of stake consensus mechanism which is decentralized and being listed on both centralized and decentralized exchange and the very nature of it's token distribution as there are no body who was initially allocated huge sums even the project team means that it's very decentralized nature is unquestionable.