Let’s come back on the definition of Decentralization,
Decentralization refers to the idea of distributing power and control away from a central authority or a single point of control.
In simpler terms, it means that instead of having one person or group making decisions for everyone, power is shared among many people or groups.
<aside> 💡 In the context of technology, decentralization often refers to systems that are not controlled by a single entity or organization. For example, cryptocurrencies like Bitcoin are decentralized because no single person or organization controls them. Instead, the transactions are validated and processed by a network of users called miners.
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Decentralization is important because it can lead to greater transparency, accountability, and resilience. When power is shared among many people or groups, it is less likely that any one person or group will abuse that power or make decisions that only benefit themselves.
Additionally, if one part of a decentralized system fails, the rest of the system can continue to function.