Decentralization
Spreading control of a network across many independent participants so no single party can dictate or censor it.
✦ Key Insight
The more concentrated a network is, the more it inherits the risks of a normal company — outages, seizure, policy changes — while still lacking a company's consumer protections.
✕ Common Misconceptions
Taking claims at face value. Check validator counts, upgrade keys and token concentration rather than the marketing page.
Detailed Explanation
In Practice
Dig Deeper
Wallet
Software or hardware that stores your private keys and lets you sign transactions.
Token
An asset created by a smart contract on an existing blockchain rather than being that blockchain's native currency.
Blockchain
A shared, append-only record of transactions maintained by many independent computers at once.
Transaction
A blockchain transaction is a signed or authorized instruction that changes blockchain state or transfers value when accepted by the network.