Decentralization

Decentralization is a system design where control and decision-making are not concentrated in a single entity but distributed among multiple participants. In the context of blockchain, this means that the network is not managed by a single organization, such as a bank or government, but by independent users and nodes that collectively maintain its operation.

Decentralization makes systems more resistant to censorship, failures, and manipulation. The absence of a central authority ensures greater transparency and security, as all transactions are public and immutable. However, this model also has challenges, such as more complex coordination for changes and higher technical requirements for users who want to actively participate in the network.