Decentralization is a system or network with no single point of failure or "central orchestrator" that is required for proper operation. Most decentralized systems have no single entity or authority with the power or obligation to change or update data or transactions. One of the primary virtues of decentralization lies in its ability to enhance fault tolerance and system resilience. In centralized systems, a single source of truth or point of failure can lead to negative consequences, such as when a hack or "fat finger error" occurs. However, Decentralized systems, distribute functions across multiple nodes, making them more capable of withstanding failures or attacks. Pretty much, they distribute power among participants, making it much harder for any single entity to exert undue influence, control data, or censor (or alter) information. Contrary to some misconceptions, decentralization is not about evading laws or regulations. It is simply a network design element that seeks to ensure better information, greater user control and autonomy, and more access for builders. To learn more, read our full article here