Decentralization refers to the distribution of authority and responsibility away from a central authority to local or regional entities. This process allows for more localized decision-making, enabling communities to address their unique needs and preferences. It can enhance democratic participation and improve the efficiency of governance by bringing services closer to the people. In the context of blockchain and cryptocurrencies, decentralization plays a crucial role in ensuring security and transparency. By removing the need for a central authority, these technologies empower individuals and promote trust among users. This shift can lead to innovative solutions and greater resilience in various systems.