What Is Decentralization?
Decentralization means spreading power and control across multiple individuals or entities instead of relying on a central authority. It promotes transparency, security, and resilience by avoiding single points of control. In decentralized systems like blockchain, transactions and data are verified and recorded by a network of participants, ensuring trust and reducing the risk of manipulation. It empowers individuals, fosters peer-to-peer interactions, and creates more resilient and transparent systems.