Successful decentralization doesn't need blockchains: Nillion CEO

Decentralization via blockchain exertion has fixed emergence to respective applications specified arsenic cryptocurrency, nonfungible tokens (NFTs), decentralized autonomous organizations (DAOs), decentralized concern (DeFi), and galore much usage cases. However, the aboriginal of decentralization whitethorn precise good widen beyond blockchain technology.

Nillion, an net infrastructure level based connected cryptography, has developed a exertion called Nil Message Compute (NMC), which changes however information is stored, processed and decentralized. This caller exertion could person important implications for however companies and users prosecute decentralization arsenic an ethos.

When asked however decentralization without blockchains was possible, the CEO of Nillion, Alex Page, explained however NMC based-technology takes arbitrary data, transforms and fragments it, and past distributes the resulting particles crossed a web of nodes. 

"The nodes tin store the particles oregon tally computations with the fragments of information without sending messages betwixt themselves, and instrumentality the results to the desired end-point for reconstruction (without relying connected trusted hardware)," Page explained successful a written effect to Cointelegraph. "Throughout the full process, nodes are unsighted to immoderate they are processing, yet are capable to tally computations astatine speeds that successful galore cases are importantly faster than its predecessor technology, [multi-party computation, oregon MPC]." 

He further explained the quality betwixt his platform's NPC exertion and its predecessor, MPC:

"Traditional MPC systems typically necessitate messaging betwixt the nodes, which dramatically slows down computation speeds. NMC has removed this throttle allowing for scalable accelerated computation. The effect is simply a decentralized, non-blockchain web of nodes which tin tally secure, backstage computations highly efficiently that opens up new, non-blockchain usage cases. " 

Speaking connected the aboriginal of decentralization, Page shared that decentralization volition beryllium a cardinal portion of the aboriginal integer satellite due to the fact that humanity has reached a constituent wherever data, and notably the power of data, has go a important portion of our lives:

“The aboriginal of decentralization volition proceed to grow done adoption of technologies that bring caller inferior and functionality to blockchain - for illustration done zero cognition / succinctness proofs, threshold commitments, and present NMC – to grow the capabilities beyond conscionable signaling transactions connected a nationalist ledger.” 

The CEO besides emphasized that “decentralization is simply a spectrum with aggregate axes,” adding; “Decentralization volition see blockchain arsenic a foundational element, but different technologies volition grow the imaginable successful caller ways that blockchain was ne'er designed to do." 

When it comes to the advantages and benefits of decentralization without utilizing blockchain technology, Dr. Miguel de Vega, the main idiosyncratic astatine Nillion, spoke astir however NMC exertion does not request to beryllium synchronized with the accumulation of blocks, oregon beryllium connected the completion of a computation for inclusion into a block, for statement to instrumentality place, arsenic is the lawsuit with accepted blockchain.

“Instead, it tin tally close erstwhile it's needed, providing a amended idiosyncratic experience. Also, determination is nary bounds to the size of a computation due to the fact that they don’t request to acceptable into a block. 

Related: What is the narration betwixt blockchain and Web3?

Although it is hard to foretell however decentralized technologies volition germinate fixed the myriad competing platforms, regulatory constraints and adoption bottlenecks impacting their use, decentralization arsenic an ethos is gaining traction crossed mainstream discourse. Elon Musk's acquisition of Twitter has erstwhile again highlighted the limitations of centralized platforms and sparked a debate astir decentralized societal media alternatives.

Currently, users person embraced decentralization arsenic a mode to summation transparency, trim reliance connected cardinal authorities, and summation power implicit idiosyncratic information and assets. These technologies, oregon astatine slightest the committedness of decentralization, person been a large driving unit down the maturation of cryptocurrencies.