Definition ∞ Decentralized describes a system or organization that is not controlled by a single central authority. Power, decision-making, and data are distributed across multiple participants or nodes. This architecture contrasts with centralized systems where a single entity holds ultimate control.
Context ∞ The concept of decentralization is central to the cryptocurrency landscape, underpinning the design of most blockchain networks and digital assets. News coverage frequently discusses the degree of decentralization in various protocols, the implications for censorship resistance and security, and the ongoing efforts to achieve greater distribution of control. Debates often arise regarding the trade-offs between decentralization, scalability, and user experience.
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