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
Transactions Per Second (TPS)
It is number of transactions done per second. For example, there are 10 transactions of Bitcoin done in 1-minute. The TPS would be 10 transactions/60 seconds = ~0.17 TPS.
Impermanent Loss
Temporary loss of funds due to volatility leading to divergence in price between token pairs provided by liquidity providers.
Do Your Own Research (DYOR)
An advice for investors to do their own research on the coins they wanted to invest in
Shilling
One who poses as a enthsiastic customer to swindle others as a form of covert advestising.
Hungry for more knowledge?
Back to Glossary or Subscribe to our newsletter.