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Glossary

Decentralized Network

What is Decentralized Network?

A decentralized network consists of a set of protocols maintained among several nodes, or computer devices, in a distributed fashion. Decentralization is made possible by nodes' ability to communicate without a central authority to supervise them. Decentralized network administration has the fundamental benefit of having no actual single point of failure. Numerous devices handle information and computer requests, so if one of them fails, it could not affect the entire network. Decentralizing and dispersing a network can also increase its resistance to cyberattacks and assist prevent data loss. Such networks have the disadvantage of having significant maintenance costs because of their intricate and dynamic architecture.

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