Decentralization
Decentralization refers to the distribution of power, authority, and decision-making away from a central authority to smaller, local entities or individuals. In governance, it means giving more power to local governments rather than a central government. In technology, such as blockchain, it allows data and operations to be managed across a network of computers rather than a single server. This can enhance transparency, increase participation, and reduce the risk of failure or corruption by spreading responsibilities. Overall, decentralization aims to create more responsive and democratic systems in various contexts.
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Decentralization refers to distributing authority, responsibility, and decision-making away from a central authority or location. In a decentralized system, power is shared among various entities, allowing for more localized control. This can apply to government, where local governments have more power than a central government, or in technology, such as blockchain, where transactions occur directly between users without a central server. Decentralization can enhance efficiency, increase public participation, and reduce the risk of corruption, as it minimizes reliance on a single point of failure or control.