The decentralization aspect of TransferChain lies in the blockchain network layer. While distribution is a more static process, decentralization is dynamic, and we aim to decentralize decision-making in certain components of the blockchain. By sharding and distributing data across multiple clouds, TransferChain can be classified as a distributed multi-cloud platform based on a decentralized blockchain network. We will reveal more details about our approach in the coming weeks/months.

Although peer-to-peer networks are typically distributed rather than decentralized, the term "decentralized" is often used as it tends to attract more people. For further reading on the topics of decentralization and distribution, please check out our blog.