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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.

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Related Terms

Block Explorer
Application or websites which display information such as status of transactions or data contained in a block of a given public blockchain network.
Bear Market
Contrary to bull market, it indicates the direction of the market going for downward trend.
Leverage
It is an investment strategy to gain potential return of the investment by borrowing the money
Liquidity
How easily a cryptocurrency can be bought and sold without impacting the overall market price.
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