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Decentralized Efficiency

Definition

Decentralized efficiency refers to the optimal performance achieved by a distributed system without depending on a central authority. It concerns the capacity of a decentralized network to process transactions or execute operations quickly and affordably, distributing workload across numerous independent participants. This concept contrasts with centralized systems, aiming for resource optimization and throughput gains through peer-to-peer coordination. Attaining decentralized efficiency requires meticulous protocol design to minimize communication overhead and maximize parallel processing.