Decentralized

Door CoinGecko | Bijgewerkt op 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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Gerelateerde termen

Proof-of-Burn (PoB)
A consensus algorthm that assigns block validation queue based on the coins/token burned by the validator.
Blockchain
In Bitcoin's case, blockchain describes its decentralized, public ledger which contains transactional information.
Composability
Composability refers to the ability to combine different components of a software stack.
Non-Fungible Tokens (NFT)
They are collectible elements within the Ethereum blockchain under ERC-721, where each token refers to a single element with a certain value
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