About This Trend
Decentralized refers to systems or organizations that operate without a single central authority, distributing control across multiple parties or locations.
The term is currently trending due to its increasing relevance in cryptocurrency and blockchain technology, particularly in discussions about Decentralized Finance (DeFi) and Decentralized Autonomous Organizations (DAOs). These concepts are gaining attention as they offer alternatives to traditional centralized financial systems, emphasizing security, transparency, and user control.