The main principles of decentralization in blockchain

Decentralization is a key concept underlying blockchain technology. Instead of relying on centralized structures such as banks or government organizations, blockchain distributes power among many participants. This means that each node in the network has equal rights and does not depend on a single center. Decentralization provides a high level of security, transparency, and reduces the risks of manipulation, creating a system where data is protected and access to it is unrestricted. This principle has become the foundation for many cryptocurrencies and blockchain applications.