Blockchain A-Z: Centralization and Decentralization
Blockchain A - Z covers all of the important topics you need to know if you're just getting into blockchain! We go letter by letter with each episode defining a specific topic By the end of the series, you'll know your blockchain ABCs!
Centralization is the concentration of control of an activity or organization under a single authority. A synonym for centralization is control. Over time we've given power to governments and banks, and many argue that those institution have overstepped their bounds. Decentralization is the action of creating systems that do not rely on rent seeking third parties.