Decentralisation

Decentralization is the process of distributing power,control, and decision-making across a network rather than concentrating it in acentral authority. In the context of blockchain, decentralization enhancessecurity by removing single points of failure, ensuring that no single entitycan control the network or manipulate data. This approach leads to increasedtransparency, reduced censorship, and greater trust in the system.

Blockchain networks like Bitcoin and Ethereum are built ondecentralization, with transactions validated by a global network of nodesrather than a central organization. This structure makes these networksresilient against attacks, fraud, and shutdowns. Decentralization has alsopaved the way for the development of decentralized finance (DeFi) and otherapplications that empower users to interact directly, without intermediaries.