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Re:Why Web3? by CryptoPunk on Thursday December 30, 2021 @12:24AM (#29733926)
It means that everything you need to arrive at a consensus on the validity of a transaction is on the blockchain, and thus enforced by the decentralized network of nodes that validate the blockchain.

So contrary to what the grandparent comment claims, these layer 2 (i.e. scalability) solutions make no compromises on decentralization, as they would if they had a consensus-critical component that was managed by a centralized off-chain party.

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