Decentralization

Platforms in the crypto industry may go decentralized to remove intermediaries and create a trustless environment, allowing for greater security and privacy for users. Decentralization can also increase transparency and efficiency by removing centralized control, and allowing for community-led decision making. Some popular decentralized platforms in the crypto industry include decentralized exchanges (DEXs) such as Uniswap and PancakeSwap, decentralized finance (DeFi) platforms like Aave and Compound, and blockchain networks like Ethereum and Cardano.

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