What is a decentralized network?

A decentralized network is a type of computer network that operates without a central authority or controlling node. Instead, it is formed by a group of independent nodes or computers that communicate and cooperate with each other through a peer-to-peer network. In a decentralized network, no single entity has full control over the system, making it more resilient, transparent, and resistant to censorship or cyber attacks. Decentralized networks are commonly used in blockchain technology, where multiple users validate and record transactions in a distributed ledger without the need for a central intermediary.

This mind map was published on 18 April 2023 and has been viewed 54 times.