What does decentralization mean in the world of cryptocurrency?

You may have encountered the word “decentralization” when studying about cryptocurrencies. It refers to the process of dispersing power away from the hands of any centralized entity. You cannot find decentralization in existing financial or governmental systems. This is because they are centralized.

Can crypto exchanges ever be truly decentralized?

Whether a true decentralized existence exists depends on the practice. In the basic sense, the crypto exchange operates on two main systems- the centralized and decentralized system.

What is decentralized crypto?

Decentralized crypto exchanges (DEXs) are blockchain -based apps that coordinate large-scale trading of crypto assets between many users. They do that entirely through automated algorithms ...

Why is cryptocurrency decentralization good?

Decentralized crypto does everything that traditional fiat money does— and far more—because it is global and not subject to totalitarian government controls or any third-party interference.” — “How Does Cryptocurrency have Value and Why Should I Care?” There are recurring themes and bits of rhetoric in the pro-crypto propaganda.