Decentralisation is the process by which the activities of an organization, particularly those regarding planning and decision making, are distributed or delegated away from a central, authoritative location or group. See new videos early, read blog posts, track coins more!
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The decentralization of cryptocurrency is actually what makes it trustworthy. In general, more decentralized cryptocurrencies are likely to be more stable and likelier to survive than more centralized and less distributed cryptocurrencies.
So, it is the system of distributing and dispersing power away from a central authority. Most financial and governmental systems, which are currently in existence, are centralized, meaning that there is a single highest authority in charge of managing them, such as a central bank or state apparatus.
In the cryptocurrency arena, the term decentralization is thrown around like the system is either decentralized or it is not. However, isn’t exactly the case. Decentralization, in fact, can be thought of as a spectrum, and many aspects of a cryptocurrency system fall on different portions of the decentralization spectrum.
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