Summary

This chapter introduced the concept of decentralization, which is the core service offered by blockchain technology. Although the concept of decentralization is not new, it has gained renewed significance in the world of blockchain. As such, various applications based on a decentralized architecture have recently been introduced.

The chapter began with an introduction to the concept of decentralization. Next, decentralization from the blockchain perspective was discussed. Moreover, ideas relating to the different layers of decentralization in the blockchain ecosystem were introduced. Several new concepts and terms have emerged with the advent of blockchain technology and decentralization from the blockchain perspective, including DAOs, DACs, and DApps. Finally, some innovative trends relating to DApps were presented. We also touched upon the concepts of algocracy and blockcracy.

In the next chapter, fundamental concepts necessary to understand blockchain technology...