Decentralized

Decentralized refers to a system or network that is not controlled by a single entity or authority, but rather is distributed among multiple nodes or participants. In decentralized systems, decision-making power is spread out among the network, rather than being concentrated in the hands of a few individuals or organizations.

A good example of a decentralized system is blockchain technology, which is the foundation of many Web3 applications. In a blockchain, transactions are validated and recorded by a network of nodes, rather than being controlled by a central authority such as a bank or government. This makes the system more transparent, secure, and resistant to censorship or manipulation.

Decentralization is a key feature of Web3 technology, which aims to create a more open and democratic internet. By removing the need for intermediaries and central authorities, Web3 applications can provide greater privacy, security, and control to users. This is in contrast to Web2, which is characterized by centralized platforms such as Facebook, Google, and Amazon that collect and control vast amounts of user data.

To learn more about decentralization and its role in Web3 technology, check out this article by blockchain expert Jimmy Song.