A decentralized network is a type of network that is not controlled by a single central authority. In a decentralized network, power is distributed among the members of the network rather than being concentrated in a single entity.
Decentralized networks are often used to create systems and applications that are resistant to censorship and tampering, as they are not controlled by a single point of failure. They can be used to create secure and transparent systems for a variety of applications, including financial transactions, data storage, and communication.
One of the most well-known decentralized networks is the blockchain, which is a distributed ledger technology that is used to create decentralized networks for the storage and transfer of digital assets. Other examples of decentralized networks include peer-to-peer networks, such as BitTorrent, and distributed computing networks, such as SETI@home.
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