Decentralized Protocols
Decentralized protocols are systems that allow multiple users to interact and share information without relying on a central authority. They use a network of computers, often referred to as nodes, to validate and record transactions. This structure enhances security and transparency, as no single entity controls the entire network.
These protocols are commonly associated with technologies like blockchain and cryptocurrencies. By distributing data across many locations, decentralized protocols reduce the risk of data breaches and censorship. They empower users by giving them more control over their information and transactions, fostering a more open and collaborative environment.