Decentralization vs Distributed Ledger

Decentralization is the distribution of authority, control, and decision-making away from a central entity across a network of participants. In cryptocurrency, it refers to blockchain systems operating without central control, where network participants collectively validate transactions and maintain security.

A distributed ledger is a database that is shared, replicated, and synchronized across multiple locations, institutions, or participants, with no central administrator, allowing transparent and immutable record-keeping through consensus among network participants.