Definition ∞ A decentralized platform operates without a central governing authority, distributing control and data across a network of participants. These systems rely on peer-to-peer connections and consensus mechanisms to validate transactions and maintain integrity. Users retain direct control over their assets and data, removing intermediaries. This structure contrasts sharply with traditional centralized services.
Context ∞ Decentralized platforms consistently form a central topic in crypto news, highlighting advancements in Web3 infrastructure and digital autonomy. Discussions often address their potential to disintermediate traditional industries, alongside challenges related to scalability, user experience, and governance mechanisms. Regulatory bodies worldwide are actively assessing how to approach these permissionless systems.
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