Cardano smart contracts will enhance the abilities of decentralization

People are able to improve any technology and make it even more useful or versatile. Can the abilities of decentralization be enhanced or improved? Sure, why blockchain technology should be an exception. Let’s have a look at it.

In code we trust

Where does decentralization begin? It might seem like a bit of a strange question but it is quite relevant. Decentralization begins in a place where the source code of a given project is stored. Cardano is written in the programming language Haskell and everybody can find the source code on GitHub. The source code is open and available for viewing and downloading. Programmers can propose a change of the source code in order to fix some issues or add new functionality. Why does decentralization begin on GitHub? Well, the IOG team has written the source code and you can find all the rules and algorithms to which people decided to trust. So what can you find there? For example, the rule, that only 45,000,000,000 ADA coins exist. There are also rules for monetary expansion and transaction fees. These rules are related to economic and incentive models. Moreover, there are rules for blocks and transactions. For example, all received valid transactions will be added to the blockchain and stay there forever. These rules ensure censorship resistance. There…