Tag: decentralized

Decentralization is the core principle behind blockchain, removing the need for central authorities by distributing control among network participants. Decentralized systems enhance security, transparency, and censorship resistance, powering innovations like DeFi, DAOs, and decentralized storage solutions. The shift toward decentralized finance (DeFi), decentralized identity, and decentralized exchanges (DEXs) has transformed the financial landscape. Blockchain ecosystems such as Ethereum, Solana, and Polkadot enable smart contract execution without intermediaries, fostering peer-to-peer financial transactions, decentralized applications (dApps), and cross-chain interoperability.