Decentralization is a concept which implies the absence of centralized authority that regulates the economics of a token or smart contract, such as the government, regulators, banks, or any institution. Blockchain-based networks are naturally decentralized because information, transactions, and computing happen in the network and not in centralized agents. is a concept which implies the absence of centralized authority that regulates the economics of a token or smart contract, such as the government, regulators, banks, or any institution. Blockchain-based networks are naturally decentralized because information, transactions, and computing happen in the network and not in centralized agents.

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