Litecoin's "Decentralized Development" model differs from centralized governance structures in the following ways:
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Decision-making process: In a decentralized development model, decisions regarding the future development of the Litecoin network are made by a diverse group of developers, miners, and community members through rough consensus. In contrast, centralized governance structures have a single entity or a small group of individuals making all decisions.
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Transparency and inclusivity: Decentralized development models often prioritize transparency and inclusivity, allowing anyone to contribute ideas, proposals, and code changes. Centralized governance structures may lack transparency and inclusivity, with decisions being made behind closed doors.
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Resilience to censorship and manipulation: Decentralized development models are less vulnerable to censorship and manipulation by individual actors or groups since decision-making is distributed among a larger community. Centralized governance structures may be more susceptible to influence by powerful entities.
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Innovation and adaptability: Decentralized development models can foster innovation and adaptability by encouraging experimentation and diversity of ideas. Centralized governance structures may be more rigid and slower to respond to changing market conditions or technological advancements.
Overall, Litecoin's "Decentralized Development" model aims to promote a more democratic, open, and resilient approach to managing the development of the Litecoin network compared to centralized governance structures.