❇️What is Decentralization in Crypto?
🌐 What is Decentralization in Crypto? (Simplified!) 🔒
✳️Imagine a system where no single person or company controls everything – that's Decentralization!
✳️Traditional: Banks/Governments (Centralized control)
✳️Crypto: Blockchain Network (Shared control)
❇️Why is it important?
✳️Security: Harder to hack or shut down. 💪
✳️Transparency: Everyone can see the transactions (not personal data!).
✳️Censorship Resistance: No single entity can stop transactions.
✳️Think of Bitcoin! It operates without a CEO or a central office. That's the power of decentralization!
🤔 Learning Tip: The opposite of Decentralization is Centralization.
👇 Drop a "D" if this helped you understand!
