What is a Decentralization?

As you might know or not know, i am a great blockchain fan. And whenever people explain blockchain there seems to be this one word that pops up: “decentralization”. But what exactly is meant by that?

Find out in less than 2 minutes :)

To understand what decentralization is we need to take a quick look at centralization. And here it goes…

So basically the very majority of websites on the internet are centralized. What does this mean?

There is a central server that receives our information and passes it on to the next user. Just as illustrated below:

The problem with every centralized website is, that it has a so called single point of failure.

This means there is one single point that can be attacked and the entire system will fail. This Point being the server of the website.

As described above, this can mean, that hackers targeting the website have the possibility to harm not only the website, but also all its users.

The hackers aren’t the only danger here though: Experience has shown, that the websites themselves sometimes harm the users by abusing their trust.

Decentralization

Decentralization, as the name implies tries to do pretty much the opposite: There is no centralized server, but all user directly interact with each other.

So, It basically eliminates the single point of failure. No chance for hackers or fraudulent websites.

This is great because it’s not only a much more secure, but also a much fairer way of using the internet.

Projects that use the are e.g. DAPPS on the Blockchain like decentralized exchanges