What is decentralization in Blockchain technology?

In blockchain, decentralization refers to the transfer of control and decision-making from a centralized entity (individual, organization, or group thereof) to a distributed network.

What are the benefits of having data decentralized?

The Benefits of Decentralization

• Users don’t have to put trust in a central authority.
• There is less likely to be a single point of failure.
• There is less censorship.
• Decentralized networks are more likely to be open development platforms.
• There is potential for network ownership alignment.

What is Decentralisation Analyse the advantages of Decentralisation?

(i) There are a large number of problems and issues which are best settled at the local level. People have better knowledge of problems in their localities. (ii) Local people have better ideas on where to spend money and how to manage things more efficiently.

What is Decentralisation What is the importance or need for Decentralisation?

Facilitates growth:Decentralisation grants more autonomy or freedom to lower level. This helps the subordinates to do the work in the manner best suited for their department. When each department is doing to their best then productivity increases and it will generate more revenue which can be used for expansion.

What are the benefits of Decentralisation Class 10?

Advantages of Decentralisation

• Reduces the burden on top executives.
• Facilitates diversification.
• Executive Development.
• It promotes motivation.
• Better control and supervision.

Why is decentralisation important in extension program?

Decentralization may lead to more creative, innovative and responsive programs by allowing local experimentation. It can also increase political stability and national unity by allowing citizens to better control public programs at the local level.