Decentralization
In many ways, decentralization is the defining characteristic of blockchain technology. By adopting decentralized processes and technology, the role of intermediaries across industries and use cases can be reduced or even eliminated. For example, central banks are being replaced by decentralized financial platforms. In this way, there is no central entity that distributes value to the wider community. At the core of decentralized protocols/platforms, they use the community to control and process data. In this way, it becomes a lot more difficult for an entity to control or censor this data. However, many experts believe that achieving optimal decentralization can reduce network throughput.
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