A network can be described as a group of two or more computer systems that are connected and communicate through sharing files or other resources. The connection between these computers may be established through a wire medium, through a LAN or ethernet cable, or wirelessly, through a wifi modem.
A centralized network is a network where the nodes don’t directly communicate with each other. In this system, a single server handles the major part of the network’s processing system.
The central server owns all the resources. If any nodes want to gain access to any other resources, they get it via the central system.
A decentralized network distributes workload among several servers without having a single central server to manage network activity. Each of these servers can act as an independent central server.
In a distributed network system, the processing power is spread evenly across the network. This system can often seem similar to a decentralized system.
In a distributed ledger, the workload is split up, unlike in a decentralized system where each node can act as a master server of its own—single processing point. In a decentralized system, multiple nodes can split the decision-making ability among themselves.