A decentralized system refers to a network structure where control and decision-making are distributed among multiple nodes rather than being centralized in a single entity. This design enhances security and trust, as no single point of failure can compromise the entire network.In such systems, transactions occur directly between users without intermediaries like banks or payment processors. Each transaction is recorded on a public ledger, ensuring transparency and accountability. This ledger is maintained by a network of computers, often referred to as nodes, which validate and confirm transactions.Decentralization also fosters greater accessibility. Users can participate without needing permission from a central authority, promoting financial inclusion for those traditionally excluded from banking services.Furthermore, decentralization contributes to resilience. The network remains operational even if some nodes go offline, making it less vulnerable to attacks or censorship. This structure embodies the principles of autonomy, security, and trust that are foundational to the concept.