Decentralization vs Public Blockchain

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 public blockchain is an open, permissionless distributed ledger that anyone can join, view, and participate in without requiring approval from a central authority. Transactions are transparent and validated by a decentralized network of participants.