what is meant by decentralisation?why is it necessary
Answers
Answer:
Transfer of decision making power and assignment of accountability and responsibility for results. It is accompanied by delegation of commensurate authority to individuals or units at all levels of an organization even those far removed from headquarters or other centers of power.
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Explanation:
Decentralization is the process of redistributing or dispersing functions, powers, people or things away from a central location or authority.
Bitcoin is a decentralized Peer-to-Peer network that does not rely on a central authority. Any peer of the network is not dependent on any single node for the correct blockchain. Bitcoin works as long as each peer is connected to a single peer telling the truth, even if every other is lying. This is the key feature that distinguishes Bitcoin and Crypto from other networks, that rely on trusted entities for determining truth...
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