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What is Decentralization?
Decentralization means distributing control across many participants rather than a single authority. In crypto, it means no government, bank, or company can control or censor the network.
Full Explanation
Decentralization is the principle of distributing power, authority, and control across a network of participants rather than concentrating it in a single entity. In blockchain, decentralization means: no single point of failure, no one can censor transactions, no one can change the rules unilaterally, and the network continues functioning even if many nodes go offline. Decentralization exists on a spectrum — Bitcoin is highly decentralized, while some altcoins are more centralized. It's the core value proposition of cryptocurrency.
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Last updated: 2026-03-21
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