🛡️ Decentralization: What Does It Mean and Why Is It Important?
Decentralization means that the system is not controlled by a single entity. In cryptocurrencies, this means that there is no authority controlling transactions or issuing currency.
Benefits:
⚡ Resistance to censorship.
⚡ Reducing the risk of corruption or manipulation.
⚡ The power of the system comes from the community, not authority.
Despite some challenges like slowness or lack of regulation, decentralization puts power in the hands of the user, and this is the essence of the crypto revolution.
