Decentralized networks are systems where control and data are distributed across multiple nodes rather than being managed by a single central authority. This structure enhances security and resilience, as there is no single point of failure. Each participant, or node, can communicate directly with others, allowing for more efficient data sharing and collaboration. In a decentralized network, participants often use technologies like blockchain to maintain transparency and trust. This approach is commonly seen in applications such as cryptocurrencies, where transactions are verified by a network of users rather than a central bank. Decentralization can empower individuals and promote innovation by reducing reliance on traditional intermediaries.