Which of the following is the MOST accurate description of decentralization in the context of blockchain technology?
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A
A single server that manages and validates all transactions for enhanced speed.
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B
A system where control and decision-making are distributed across a network of participants rather than being held by a central authority.
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C
A type of database where information is stored in a central location but can be accessed by multiple users.
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D
The process of encrypting data to ensure that only authorized parties can access it.