Chainlink Co-Founder Sergey Nazarov Calls Out 'Decentralization Theater' in Crypto Industry

The concept of decentralization in the blockchain industry is being questioned after recent hacks and centralization issues. Sergey Nazarov, co-founder of Chainlink, believes that many projects use decentralization as a buzzword to attract capital rather than actually achieving it. He sees only a few projects, including Chainlink, Bitcoin, and Ethereum, as truly decentralized. Nazarov emphasizes that decentralization is a security mechanism and highlights Chainlink's record of security and value transfer. However, the definition of decentralization varies depending on individual priorities and risk models