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What does decentralization mean?

Spelling Bee Quiz Can you outdo past winners of the National Spelli... The meaning of DECENTRALIZATION is the dispersion or distribution of functions and powers; specifically, government : the delegation of power from a central authority to regional and local authorities. How to use decentralization in a sentence.

What is the difference between decentralization and centralization?

While decentralization involves dispersing authority to lower levels or local units, centralization means consolidating power at a central point or upper level. Organizations might employ a mix of both principles in different areas according to their needs and objectives. The key difference lies in where the decision-making authority resides.

What is decentralization in blockchain?

In blockchain, decentralization refers to the transfer of control and decision-making from a centralized entity (individual, organization, or group thereof) to a distributed network.

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