What is Decentralization and Why Is It Important

Understanding Decentralization Decentralization is one of the most powerful concepts behind blockchain and cryptocurrency. In simple words, decentralization means that no single person, company, or government fully controls the system. Instead, the power and responsibility are distributed among many participants. Think about social media platforms like Facebook. They are centralized because one company owns all the data and has full control. In blockchain, however, everyone who participates in the network has a copy of the...