Introduction In the fast-evolving world of digital assets, decentralization is a foundational principle that underpins the entire cryptocurrency and blockchain ecosystem. Understanding decentralization is crucial for anyone looking to invest, trade, or build in the crypto space. But what is decentralization in cryptocurrency and blockchain, and why is it so important?
What Is Decentralization? Decentralization refers to the distribution of authority, control, and decision-making away from a central point. In the context of blockchain and crypto, decentralization means that no single entity, such as a government or corporation, has control over the network.