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Is ethereum decentralized?

Ethereum is a decentralized platform that enables developers to build and deploy smart contracts and decentralized applications (DApps). It operates on a blockchain, which is a distributed ledger maintained by a network of participants. While Ethereum is considered to be more decentralized than traditional financial systems, it does have some centralized aspects.

Here are some key points regarding the decentralization of Ethereum:

  • Ethereum's blockchain is decentralized, meaning that no single individual or entity has control over the entire network.
  • Validators, known as miners, maintain the network by confirming and adding transactions to the blockchain.
  • Decisions about the protocol and system upgrades are made through a consensus mechanism involving Ethereum stakeholders.

Last updated 10/23/2023, 11:14:15 PM

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