What is true about a decentralized blockchain?

A decentralized blockchain is characterized by the absence of a single entity governing it. Instead, control is distributed across numerous participants or nodes within the network. This structure fosters transparency and security since no one party can manipulate the entire system unilaterally.

Decentralization also means that all transactions and interactions are recorded on a shared ledger visible to all participants, which enhances trust and integrity. By design, this limits the risk of central points of failure and provides resistance to censorship or control by any single organization.

In contrast, centralized systems often require permissions and are managed by specific entities, which can introduce vulnerabilities and inefficiencies. A decentralized blockchain does not restrict data access based on permission, allowing for broader participation and inclusivity. Furthermore, while decentralized blockchains can operate over public and private networks, their defining feature is not the exclusivity of the network, but rather the distribution of control among multiple stakeholders.