Farcaster

Blockchain faces challenges to its decentralization due to restrictions imposed by governments and institutions:
	1.	Government Regulations: Many countries ban or heavily regulate cryptocurrencies, limiting access to blockchain networks.
	2.	Internet Access Controls: Some countries block blockchain platforms and cryptocurrency exchanges, restricting user participation.
	3.	Banking Restrictions: Financial institutions often prevent users from buying cryptocurrencies, hindering access to decentralized services.
	4.	Centralized Exchanges: Large exchanges control access to cryptocurrencies, limiting users in banned regions.
	5.	Regulatory Oversight: Regulatory bodies impose rules that may compromise user privacy and decentralization.
	6.	Privacy Concerns: New laws requiring user identity disclosure challenge blockchain’s privacy features.

These limitations concentrate power and undermine blockchain’s decentralization, requiring balanced regulation to maintain its core principles.