Centralized vs Decentralized

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Centralized means entities control the network. With web3, the word decentralized comes in. This means entities can not control the network and the applications(dapps) on it. This makes web3, open web. Without permission from an entity, people freely build and connect with web3.

For further information: What is Decentralization in Blockchain?

This is a good comparison between centralized and decentralized;