Decentralisation

Spreading control of a network across many independent participants.

Crypto Basics Also called decentralization, decentralized, decentralised

Decentralisation means no single party can censor transactions, change the rules unilaterally or switch the system off. It is measured across several axes: node distribution, client diversity, token concentration and governance participation.

It is a spectrum, not a binary. Many projects that describe themselves as decentralised still rely on a small team holding upgrade keys.

Back to the Crypto Glossary