Decentralization is a core tenet of blockchain technology and web3.
The fundamental principle of decentralization is therefore grounded in the idea that power should be distributed rather than condensed in the hands of a few.
The ethos and philosophy of decentralization advocate for a democratic or liberal form of governance in which no single entity has absolute power.
Web3 applications allow individuals greater autonomy and control over their data and transactions, away from the prying eyes and oversight of centralized authorities and intermediaries.