Fairness and Decentralization

Definition ∞ Fairness and decentralization represent core principles in blockchain and digital asset systems, aiming for equitable access and distributed control. Fairness implies that all participants receive impartial treatment and opportunities, without undue advantage or discrimination. Decentralization refers to the distribution of power and decision-making authority across a network, reducing reliance on central entities. These concepts collectively promote resilience, transparency, and resistance to censorship.
Context ∞ The ongoing tension between achieving optimal fairness and maintaining genuine decentralization is a central topic in protocol design and governance discussions. While decentralization aims to prevent single points of control, ensuring fair participation in aspects like transaction ordering or reward distribution remains a challenge. Innovations in consensus mechanisms and governance models frequently address these two interdependent objectives.