decentralized systems

Decentralized systems distribute authority and control across multiple participants rather than relying on a single central entity. This approach enhances transparency, reduces the risk of failure or corruption, and promotes greater resilience. Examples include blockchain technology, where transactions are validated by a network of computers rather than a central bank, and decentralized finance (DeFi), which allows peer-to-peer financial services without intermediaries. Overall, decentralized systems empower individuals, improve security, and foster innovation by enabling collaboration without centralized oversight.