$ENA
A new threat to decentralization in the cryptocurrency world!🚨
The Exchange Network Authority (ENA) is an increasingly common mechanism that effectively centralizes control of cryptocurrency trading networks in the hands of a few powerful entities, rather than supporting freedom and decentralization.
🔗 ENA acts like a central regulator, controlling the flow of trades and access to liquidity between various exchanges and platforms. This means that ENA decides who can trade, which trading pairs are available, and under what conditions.
⚠️ As a result, we lose the key features of cryptocurrency: anonymity, freedom, and resistance to censorship.
💼 The concentration of power in ENA gives companies and regulatory bodies immense power, which does not provide us with 'financial freedom', but rather a new form of control and oversight.