Decentralization refers to the distribution of power, decision-making, and control away from a central authority to multiple individuals or entities, allowing for more distributed and autonomous operations.
Uses of “Decentralization”
In the context of Web3 and systems design, decentralization refers to the distribution of decision-making power, control, and resource management across a network of autonomous agents or nodes, rather than being concentrated in a central authority, enabling more transparent, resilient, and collaborative coordination in both social and technological systems.