What Is Decentralized?

Decentralization is a process of distributing or dispersing functions, powers, people or things away from a central location or authority. It is the opposite of centralization and can be applied to government, business structures, technology systems and more. Decentralized systems are designed to operate independently without relying on any single entity for control. This means that no one person has complete control over the system as decisions are made by multiple parties in different locations.

In terms of technology, decentralization refers to distributed ledger technologies such as blockchain which allow users to securely store data across many computers instead of having it stored in one centralized server. By using this type of system, users have greater autonomy over their data and transactions since they do not need to rely on third-party intermediaries for verification purposes. Additionally, decentralized networks provide increased security due to its distributed nature making them less vulnerable than traditional centralized networks where all information is stored in one place.

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