In the context of cryptocurrency, “decentralized” means that the system or network operates without a central authority, like a bank or government, controlling it. Instead, transactions and data are managed collectively by a distributed network of computers (often called nodes).
This ensures that:
No single entity can manipulate or control the network.
Transactions are transparent and verifiable by anyone on the network.
Users have more control over their assets and data.
Popular decentralized cryptocurrencies include Bitcoin (BTC) and Ethereum (ETH), which rely on blockchain technology to maintain security and integrity without central oversight.
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