What is Decentralization?

What is Decentralization.jpg

Decentralization refers to the transfer of authority and decision-making from a centralized entity (individual, organization, or group thereof) to a distributed network.

Decentralized networks are intended to reduce the amount of trust that participants must place in one another, as well as prevent members from abusing power or control over one another in ways that would be detrimental to the network’s operation.

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