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.

Share this with a friend!

Related Terms

Blockchain
In Bitcoin's case, blockchain describes its decentralized, public ledger which contains transactional information.
Mineable
A cryptocurrency is said to be "mineable" when it has the system thrugh which miners can be rewarded with newly-created cryptocurrencies for creating blocks.
Proof-of-Developer (PoD)
A concept of identifying the developers of a project as a means of vouching reputation for a project
Distributed Ledger
Ledgers whose data is stored and synced across a network of nodes.
Hungry for more knowledge?
Back to Glossary or Subscribe to our newsletter.
coingecko (thumbnail mini)
CoinGecko for iOS
coingecko (thumbnail mini)
CoinGecko for Android