BUIDL Launchpad is now live! 🎉

Centralized

The term centralized defines a structure that relies upon a central governing body for maintaining operation and decision-making within the entire system. Centralized structures operate with a hierarchy of commands resulting in quick and efficient decision-making ensuring marginal errors.

Centralization is also adopted in cryptocurrency is the concentration or control of the exchange under a single authority (central government). A centralized exchange (in crypto) means that the currency exchange took place featuring a central party or government. This third party manages all your transactions and looks after your crypto assets.


Looking for more content to learn about Web3?
Subscribe to our newsletter for weekly updates 👇

Connect with us