Decentralization refers to the distribution of authority and control across a network instead of being concentrated in a single entity. In this framework, no central authority governs the entire system, which enhances transparency and reduces the risk of manipulation.This structure allows participants to engage with each other directly, fostering a peer-to-peer environment. Each node in the network can validate and record transactions, which helps ensure accountability. This is achieved through consensus mechanisms, where participants agree on the state of the network.Decentralization supports security and resilience by making it harder for any single point of failure to disrupt the system. It also promotes inclusivity, as anyone can join the network without needing permission from a central authority.Although decentralization brings numerous advantages, such as greater autonomy and resistance to censorship, it also comes with challenges. These include issues related to speed, scalability, and governance, which require careful consideration as decentralized networks evolve.