Decentralization Definition: Decentralization refers to the structure of blockchains and how the distribution of this system or ledgers is distributed outside of regular financial bodies and groups that govern banking and other financial controls.
The idea of decentralization is to eliminate the dependence of decision-making on a central entity, and instead give the power to all the tokenholders so that decision-making is shared equally. It’s an important way to remove the power and authority from one body or entity and give the community more power overall. This shared power is an important aspect of the decentralized system, as it gives everyone involved in the platform equal or shared power.
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