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Definition
Not controlled by any single entity, authority, or server. Decentralization distributes power across many participants. True decentralization is a spectrum, and most 'decentralized' projects are more centralized than they claim.
Related Terms
A distributed database where transactions are grouped into blocks and linked together cryptographically.
A computer running blockchain software that stores and validates transactions.
Systems that work without requiring trust in any single party.
Application Binary Interface.
A way to make crypto wallets behave more like normal apps by turning every account into a smart contract.
The Ethereum standard for account abstraction without changing the core protocol.
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