Binance CEO Releases Six ‘Are You Ready for Decentralization’ Questions as Conversation Starter


The CEO of one of the largest cryptocurrency exchanges in the market, Binance, has released six questions for individuals to know whether they are ready for decentralization. Changpeng Zhao is a recognized and respected figure in the market and has been always supporting decentralization.

On Twitter, he wrote six different questions for users to answer and know whether they are ready for decentralization or not.

He says that those that answered “no” in all the 6 questions are ready for decentralization. Decentralization seems to be about relinquishing control, which can be something difficult in some areas or for some individuals.

Like most of us, Changpeng Zhao said that he is a human and he has fallen into these traps several times. In another tweet, he said that he would like to see more decentralization. However, he prefers an incremental approach where the space shows its progress over time rather than everything at the same time.

This is similar to the the strategy that the Binance exchange took in the past. The exchange is currently a centralized platform but the intention is to move towards a decentralized platform based on blockchain technology called Binance Chain.

It is difficult to answer all the six questions with a clear “no.” However, this is a process that will take a long time to be completed. The crypto space continues to grow and there are several experts trying to make it possible.

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