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Decentralized
Decentralized refers to a system or network that operates without a single central authority or point of control, distributing power and decision-making across multiple participants or nodes. In cryptocurrency and blockchain, decentralization ensures no single entity controls the network, enhancing security, transparency, and censorship resistance.
Example
“Bitcoin operates on a decentralized network of thousands of nodes worldwide, meaning no single entity can shut it down or alter its transaction history.”