What is Decentralization?

Decentralization in crypto means no single entity (government, company, or individual) has full control over a network, ensuring fairness, security, and censorship resistance. Instead, power is distributed among many participants.

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Key Aspects of Decentralization:
	1.	No Central Authority – Control is spread across a network of nodes, validators, or miners.
	2.	Trustless & Permissionless – Anyone can participate without needing approval from a central entity.
	3.	Censorship Resistance – No single party can block, alter, or control transactions.
	4.	Security & Transparency – Public blockchains make data open and auditable in real time.

Examples:

✅ Bitcoin (BTC) – Fully decentralized with thousands of independent miners and nodes.
✅ Ethereum (ETH) – Decentralized but still evolving governance.
❌ Many Altcoins – Claim decentralization but have insiders holding a majority supply.

Misconceptions About Decentralization:

❌ Not Anonymity – Transactions are public, but users can remain pseudonymous.
❌ Not Just Locked Supply – A project locking 80% of tokens isn’t truly decentralized if control remains with a small group.
❌ Not Always Perfect – Some projects claim decentralization but have centralized decision-making structures.