Lexicon

Decentralization refers to a system that operates without a central point of control or authority. A prime example is the blockchain technology, where every full node in the network holds a copy of the blockchain, ensuring no single entity has exclusive control. This setup contrasts with centralized systems, where a singular entity's failure could disrupt the entire network. In a decentralized framework, the network remains functional even if one node experiences issues, showcasing its resilience and distributed nature.