Question: Can you please explain this process of Centralized vs decentralized: Transaction processing can be decentralize. If it is decentralized, a third party is not needed

Can you please explain this process of Centralized vs decentralized:

Transaction processing can be decentralize. If it is decentralized, a third party is not needed for the transfer to be validated as an ownership transfer. If it is centralized, a third party is needed to transfer ownership.

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