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.
Block Height
A number that is used to indicated the position of a particular block within a blockchain
Algorithm
Algorithm is a set of rules to follow to solve a problem or conduct a task.
Central Ledger
Central data repository of a company or bank
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