Decentralization
Decentralization is the main principle of blockchain technology. This refers to the distribution of power across the network, meaning that no single entity has complete control over the system. In a decentralized blockchain, each node of the network has a copy of the ledger and can confirm transactions.
The importance of decentralizing blockchain technology is to ensure the security and transparency of the network. Decentralized blockchains are highly resistant to attacks because there is no single point of failure. This technology also ensures transparency as every transaction can be seen by all network users. $LTC #Binance