According to the research of the company Crypto Compare called “Cryptoasset Taxonomy Report”, more than 84 percent of different crypto assets that are on the market allow development teams to alter their platforms.
Thus, it was stated that the protocol of every 8-9 out of ten crypto asset can be changed by the development team at any moment at their own discretion. The company also claimed that only 16% of all existing crypto assets are considered to be a fully decentralized ecosystem.
In order to create such report, CryptoCompare’s specialists reviewed hundreds of cryptocurrency and blockchain projects, detecting a tendency towards centralization set by utility tokens that are running on controlled servers.
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