Decentralized means not controlled by any single entity or institution. Blockchain is an example of something that is decentralized, all full nodes in the network own a copy of the blockchain. And not just a single entity (which would make it centralized). In a decentralized system, if one node goes down, the rest of the network continues to operate without hiccups.
Decentralized
Categories
Cryptocurrencies
Partner Center
Find a Broker
Related Terms
-
Ethereum is a decentralized, open-source, and distributed computing platform that enables the creation of...
-
EOS is the native token of EOSIO network, which is a type of blockchain technology that is positioning...
-
Dash (DASH) is a cryptocurrency based on Bitcoin software but has anonymity features that make it...
-
Forex stands for “foreign exchange” and refers to the buying or selling of one currency in exchange for...
-
Full nodes are internet-connected computers that store a complete copy of the blockchain within a network....