Cryptocurrency Q&A
What does decentralization mean?
What does decentralization mean?
KiteFlyer
Thu Dec 19 2024
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7 answers
1517
I'm trying to understand the concept of decentralization. Could you explain what it means in simple terms, and possibly provide some examples of its application in various contexts?
7 answers
HallyuHype
Fri Dec 20 2024
The goal of decentralized networks is to minimize the trust required between participants.
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CryptoBaron
Fri Dec 20 2024
Decentralization is a fundamental concept in blockchain technology.
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Sara
Fri Dec 20 2024
It involves the distribution of control and decision-making power away from centralized entities.
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BlockchainBaron
Fri Dec 20 2024
They aim to prevent any single participant from exerting authority or control that could hinder the network's functionality.
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Leonardo
Fri Dec 20 2024
These centralized entities can include individuals, organizations, or groups within them.
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