Cryptocurrency: how is it related to decentralization?

Cryptocurrencies are digital assets that operate through blockchain technologies. They provide decentralization, which means the absence of centralized authorities or intermediaries, such as banks, in the transaction process. Unlike traditional currencies, cryptocurrencies use distributed ledgers where transaction data is stored on thousands of independent nodes around the world. This not only increases security and transparency but also makes the system more resilient to external manipulations. Blockchain gives users full control over their funds, minimizing the influence of governments and financial institutions.