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
Permissioned Blockchain
It is a private blockchain where the nodes must be previously authorized by a central entity.
Circulating Supply
An approximation of the number of coins or tokens that are currently not locked and available for public transactions.
Decentralized Applications (dApps)
Applications that run on decentralized peer-to-peer networks such as Ethereum.
Bitcoin Improvement Proposal (BIP)
Refers to improvement proposals for Bitcoin, used to introduce features or any updates on the Bitcoin network.
Hungry for more knowledge?
Back to Glossary or Subscribe to our newsletter.