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1·What characterizes them is decentralized authority.

这一新框架的特征是权力的去中心化。

2·Because it is run by a decentralized network of computers around the world, Bitcoin does not require a central authority like a central bank or financial institution.

由于比特币是由世界各地分散的电脑网络运作的，所以它不需要中央银行这样的中央权威机构或金融机构。

3·A decentralized and localized political authority.

分散的、地方化的行政权力。

4·Decentralized structure includes few management levels, decision-making authority is allocated to lower management and management scope is wider so it shows a flat type structure.

分权型结构包含更少的管理层，并将决策权分配到较低的层级，从而具有较宽的管理幅度并呈现出扁平型结构。

5·For better or worse, over the past 50 years we have concentrated authority in centralized agencies and reduced the role of decentralized citizen action.

无论结果是好还是坏，我们过去的50年将权力集中于代理部门，并限制社会各阶层公民的放权行为。