Decentralization provides you an environment where you have total control of your assets and the transaction executed. This means no other parties/authorities are monitoring your transactions or taking decision on your behalf. So hence there is total evasion of third parties and as such now the transactions are executed with rather fast speed and proper security which blockchain technology provides you. The cool part is that there is no need for a user to show the identity and thus the user can transact with respect to his/her privacy.
Non fungible token (NFTs) refer to cryptographic assets that signify ownership of unique things, non-fungible tokens are thus not mutually interchangeable and that is their key feature and also their uniqueness creates scarcity. It is a virtual token that is created to verifiably prove authenticity and ownership of an asset, through cryptography.
In the 18th century, Richard Cantillon explained in his book, Essay on the Nature of Trade in General, that the richer you were and the closer you were to the King, the more you would benefit from the printing of money by the state. On the other hand, the poorer you were and farther away from the King, the more you would be penalized by this printing of money in mass. Put simply, he recognized that central bank printing of money did not affect everyone equally. This would later be observed as the Cantillon Effect. The Cantillon Effect denotes the change in relative price resulting from a change, usually an increase, in money supply. The change in relative price occurs because the change in money supply has a specific injection point and therefore a specific trajectory through the economy. The first recipient(s) of the new supply of money are in the convenient position of being able to spend money before prices have increased. On the contrary, whoever is last in line receives his share of new money after prices have increased.
When Satoshi Nakamoto published his Bitcoin whitepaper just a month and a half after the Lehman Brothers bankruptcy and shortly after the beginning of the 2008 crisis, some saw this new electronic money system as a way towards a fairer, more transparent, equal and democratic distribution of wealth.
In contrast to central bank monetary policy, in which some decide how much money to print, when to print and who to give it to, Bitcoin has a fixed emission curve that is determined by mathematical code and that no one can change at will. In Bitcoin we all know that at the beginning 50 BTC were generated per block and that on average one block is mined every 10 minutes. Also, we also know that the issuance of new BTC is halved every 210,000 blocks. After issuing 50 BTC per block, 25 BTC was issued per block, then 12.5 BTC per block and now 6.25 BTC per block.