Centralized
By CoinGecko | Updated on Mar 03, 2020
An organization structure wherein a small handful of actors have control over the entire network. In the context of Bitcoin, it is usually used to describe the centralization of mining power that has been concentrated in the hands of major mining equipment producers.
Related Terms
Halving
Event that serves to reduce in half the reward of the Proof-of-Work miners that operate in the blockchain network.
When Moon
An expression used by investors to ask when the price of a coin would hit a peak
Leverage
It is an investment strategy to gain potential return of the investment by borrowing the money
Transaction Fee
A payment to the network for performing a transaction to be recorded on the blockchain.
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