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Decentralization in crypto refers to the distribution of power, control, and decision-making away from a central authority. Bitcoin is the prime example of a decentralized network, while altcoins may vary in their level of decentralization. dApps, or decentralized applications, run on a blockchain and are not controlled by a single entity. Types of decentralization include political, economic, social, and technological. Understanding decentralization is crucial for navigating the blockchain ecosystem.

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