Decentralized applicationsApplications that run on decentralized peer-to-peer networks such as Ethereum. Ethereum is one of the most popular platforms for developers... Read More run on peer-to-peer networks. DecentralizedDecentralization, an aspect of blockchain technology, facilitates power or authority distribution among individuals, groups, or institutions. A decentralized structure allows... Read More applications typically rely on a blockchainA blockchain is a distributed database that is shared among the nodes of a computer network. Read More consensusConsensus is what allows a distributed system (like the blockchain) to function as a decentralized peer-to-peer system without the need... Read More to finalize transactions, eliminating centralizedAn organizational structure wherein a small handful of actors have control over the entire network. In the context of bitcoin,... Read More points of failure (i.e., rogue bankers or failed servers). EthereumEthereum is an open-ended, decentralized, blockchain-based, public software platform that facilitates peer-to-peer contracts, known as Smart Contracts, as well as... Read More is a popular platform for developers that can store various types of information. It is viable for games, applications, and tools.
See https://www.merriam-webster.com/dictionary/decentralization [Merriam-Webster]
