Decentralized Technology
Technical decentralization is primarily concerned with the security and structural mechanisms of Web3 systems. The core innovation behind programmable blockchains is that they can support technology decentralization by providing a permissionless, trustless, and verifiable ecosystem in which value can be transferred and, more importantly, on which Web3 products and services can be built.
This means that products and services can be deployed and run without the need for a trusted centralized intermediary to operate them, opening up a vast world of possibilities.
For these reasons, technological decentralization underpins both types of economic decentralization and legal decentralization.
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