Why decentralisation important
Answers
Decentralization is a concept in politics, business, technology, and other fields. In a nutshell, it means a central authority doesn’t have control over a system, but control is distributed among the participants in the system. For example:
A centralized political system has a central authority with most (or all) of the power. In a decentralized political system the power rests closer to the individual or their representatives.
A centralized business structure has a central authority with most (or all) the power. In a decentralized business structure the power to make decisions is distributed between individuals and teams.
There are costs and benefits to these approaches in political and business settings.
The centralized approach allows for more rapid and decisive decision-making, as well as giving participants in the system a sense of clarity about the rules and their own role within it. It also sets up a structure to enforce those rules.
Answer: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.
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