What is Decentralization?
The distribution of power and authority away from a central point is referred to as Decentralisation. In the context of Web3, this entails shifting away from centralised platforms such as large corporations (such as Facebook and Google) or governments and toward a more distributed model in which data is stored on individual users’ devices.
Advantages of Decentralisation :
* Establishment of a trustworthy environment. Every member of a network has access to the same ledger.
* Data reconciliation has been improved. The correspondence between the transferred data and the source data is more precise.
* Inconsistencies related to specific system actors, resource exhaustion, bottlenecks, and information loss have all been greatly reduced.
