What is decentralization?
Decentralization means any situation where a computer network operation is controlled not by a central authority, but rather by the community.
💻The term “decentralized” is often confused with the term “distributed”. A distributed system is where multiple computers share resources and processing power to execute a task.
⌨️The key idea that distinguishes decentralized systems from distributed ones is that decentralized systems are not controlled by a central authority (such as a server farm owner), but are self-regulating instead.
🛡Decentralized systems must contain a mechanism to determine the true state of the system if the intruder attempts to hack it.
🔐Blockchain is actually a secured ledger; people who register transactions faster are assumed to know the true state of the system. It can also be determined by voting and consensus.
💬Therefore, decentralized models represent the most efficient and secure data transmission systems.
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