decentralize Definition
- 1to distribute the administrative powers or functions of a central authority over a less concentrated area
- 2to disperse power or decision-making to local or regional levels
Using decentralize: Examples
Take a moment to familiarize yourself with how "decentralize" can be used in various situations through the following examples!
Example
The company decided to decentralize its operations to improve efficiency.
Example
The government is planning to decentralize power to local councils.
Example
The organization aims to decentralize decision-making to better serve its members.
decentralize Synonyms and Antonyms
Synonyms for decentralize
Antonyms for decentralize
Phrases with decentralize
a system in which power or decision-making is dispersed to local or regional levels, rather than being concentrated in a central authority
Example
The company adopted a decentralized system to improve communication and decision-making.
decentralized finance (DeFi)
a financial system built on blockchain technology that allows for decentralized, peer-to-peer transactions without intermediaries such as banks
Example
DeFi has gained popularity as an alternative to traditional finance, with users able to access financial services without relying on centralized institutions.
an organization that operates through rules encoded as computer programs on a blockchain, with decisions made through a decentralized voting process
Example
DAOs are a new form of organization that allow for decentralized decision-making and ownership, with members able to participate in decision-making regardless of their location or status.
Origins of decentralize
from 'de-' meaning 'down', and 'centralize' meaning 'to bring under central control'
Summary: decentralize in Brief
The verb 'decentralize' [dee-sen-truh-lahyz] means to distribute administrative powers or functions of a central authority over a less concentrated area, or to disperse power or decision-making to local or regional levels. It is often used in the context of organizations or governments, as in 'The company decided to decentralize its operations to improve efficiency.' 'Decentralize' can also refer to specific systems, such as 'decentralized finance,' which operates without intermediaries like banks.
