Decentralized
By CoinGecko | Updated on Mar 03, 2020
Describes a system where there are no centralized points of failure (eg. a pillar that holds an entire structure up), or an organization that has no central authority figure. Bitcoin is an example of a decentralized system.
Related Terms
Ring Signature
A type of digital signature performed in a group where it becomes impossible to determine which member's key in the group were used for the digital signature.
Watchlist
A personally defined list of values to watch over for activity or changes.
Shitcoin
A coin with no obvious potential value or usage.
Hashrate
Total processing power of a blockchain or what is the same, are the amount of hash values that can be made in a period of time.
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