The principle of distributing power away from a centralAn organizational structure wherein a small handful of actors have control over the entire network. In the context of bitcoin,... Read More point. BlockchainsA blockchain is a distributed database that is shared among the nodes of a computer network. Read More are traditionally decentralizedDecentralization, an aspect of blockchain technology, facilitates power or authority distribution among individuals, groups, or institutions. A decentralized structure allows... Read More because they require majority approval from all users to operate and make changes, rather than a central authorityA central authority is an entity that holds centralized control over something, such as a financial exchange, asset, or transaction.... Read More.
