Definition: A decentralized system or network is a system where there are no central entities, such as governments or corporations, that control the distribution of resources and information. Instead, each node (or "node in the chain") has its own copy of the data and can make decisions about how to distribute it. Decentralization allows for greater autonomy and decision-making power among nodes, which can lead to more efficient and effective systems. It also reduces the risk of central control and corruption, as there is less direct
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