What is Decentralisation in the Blockchain era?
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In simple terms, decentralization in blockchain means spreading power out among lots of computers to keep things fair, secure, and free from control by any single entity.
Decentralization in blockchain means that instead of one big entity controlling everything, power is spread out among lots of computers called nodes. These nodes work together to make decisions and keep the system running smoothly.
Think of it like a giant digital ledger book that everyone can see and contribute to. When someone wants to add a new (like sending money), the nodes in the network work together to make sure it's legit and add it to the ledger. No single person or company has control over this process.
This decentralized setup makes it really hard for anyone to cheat or tamper with the ledger. Even if some nodes stop working or try to mess things up, the rest of the network keeps chugging along, making sure everything stays fair and secure.
Decentralization also allows for cool stuff like decentralized apps (dApps) that can run without any central authority. These apps can do all sorts of things, from managing money to tracking supply chains, all while keeping things transparent and trustworthy.