decentralized platforms

Decentralized platforms are systems that operate without a central authority, such as a company or government, controlling them. Instead, they rely on a network of independent users or nodes to maintain and manage the platform. This arrangement enhances security, transparency, and resilience, as no single entity holds all the power. Examples include cryptocurrencies, like Bitcoin, and blockchain-based applications, which allow peer-to-peer transactions and collaboration. These platforms empower users by giving them more control over their data and interactions while reducing the risk of censorship or manipulation commonly found in centralized systems.