This discussion paper examines a possible limitation to the advancement of blockchain: the intrinsic tradeoff between scaling to a larger size, and the need to maintain a decentralized and distributed architecture. The scaling vs. decentralization trade-off, the paper argues, may impose a...

Decentralized Finance (DeFi) offers the promise of an emergent alternative financial architecture that prioritizes disintermediation and decentralization to empower individuals along cryptoanarchist principles. Yet it is mired in considerable difficulties including market manipulation,...