Decentralization

Decentralization refers to the process of distributing power or decision-making authority away from a central authority or institution. In a decentralized system, decision-making power is distributed among various individuals or groups, rather than being concentrated in the hands of a single entity. There are a few different reasons why decentralization might be desirable. One reason is that it can help to promote greater transparency and accountability, as decision-making power is distributed more widely and individual actors are held responsible for their own actions. Decentralization can also help to promote innovation and experimentation, as different groups are able to try out new ideas and approaches without being overly constrained by the centralized authority. Additionally, some advocates of decentralization argue that it can lead to greater overall efficiency, as power is distributed more widely and decision-making is spread out across the system rather than being bottlenecked in a single authority.