What Defines True Blockchain Decentralized?

A blockchain is a chain of blocks containing information. Since one block is connected to another, it becomes difficult to alter data, making blockchain highly secure and unalterable. Though blockchain and decentralization are generally interrelated, not all blockchains are decentralized.

Blockchains can be centralized or decentralized based on their participants’ rights to make transactions. In a decentralized blockchain, anyone can participate and make transactions, whereas on a centralized blockchain, only a few people will be decision-makers.

Let’s explore what makes the blockchain decentralized, the difference between a decentralized blockchain and a centralized blockchain, and more in this comprehensive blog.