Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Helius CEO Mert: Decentralization does not mean lack of organization; zero coordination cost equals centralization.
ChainCatcher messages, Solana development infrastructure Helius CEO Mert posted on X platform stating that decentralization is essentially “coordination without a central authority.” If the coordination cost is close to zero, then it is effectively centralized; if the coordination cost is infinitely high, then technically it cannot be called decentralized because the system would be unable to operate normally.
Mert illustrates this point through a thought experiment: Suppose there is a highly decentralized blockchain with hundreds of thousands of nodes running at home, distributed mining power, and token supply. Then he proposes another extreme assumption — if North Korea can transfer funds from wallet A to wallet B within time T, then it is equivalent to the chain being able to simultaneously detonate nuclear weapons in most countries worldwide.
Finally, he assumes that the blockchain can successfully freeze wallet A’s funds through forking without causing mass casualties. Does this mean the blockchain is decentralized? Mert believes that although humans can coordinate because of the shared incentive of “not dying,” this does not mean the chain is “disorganized.” Decentralization fundamentally remains “coordination without a central authority.”