the diffusion of economic decision-making to many different decision-makers rather than concentrating such decision-making centrally. In an economy this is achieved by the adoption of the PRICE SYSTEM, which devolves decisions to individual consumers and suppliers. In a firm, decentralization involves delegating authority to make decisions ‘down the line’ to particular divisions and departments. See PRIVATE ENTERPRISE ECONOMY, MFORM ORGANIZATION.
Speaking to Coindesk, Listia CEO Gee Huang stated that his company's goal was to "decentralize peer-to-peer marketplaces, taking the power away from the companies that run them and giving it back to the buyers and sellers."
Decentralize exchanges also have a decentralized infrastructure which means that the computer, storage and data transfers are spread across thousands to tens of thousands of nodes or miners around the world.