CENTRALIZED

The term centralized is often used to describe a good or service tied to a single entity (or small group) for which many users depend upon. A centralized good or service often consolidates control, authority and access to the small group of participants that operate it; however, that often makes the small group in control a single point of failure. Much of the web2 landscape is dominated by centralized systems and platforms in contrast to the web3 movement that is leaning towards a more decentralized ecosystem.

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