Informal Guide to Web3

Decentralization

decentralization

Technical term from the web3, Known word with a different meaning

 
I.e., The idea that the blockchain is not regulated or run by a single corporation or individual. While centralized currencies are backed by the economies of countries, decentralized currencies typically don’t have a government affiliation.

 

Example: “Still, as decentralization accelerations, I’ll be watching this with interest.”