Decentralization

Decentralization is the process of distributing power, authority, or functions away from a central authority or organization and transferring it to other bodies or entities. In the context of blockchain technology, decentralization refers to the fact that a blockchain network is not controlled by a single entity, such as a government or corporation, but rather is managed by a decentralized network of computers that are run by individual users, organizations, or other entities. This means that no single entity has complete control over the network or the ability to alter the data stored on it. Decentralization is a key feature of blockchain technology and is one of the reasons why it is considered to be secure and transparent.

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