Login All news Marketcap Crypto Glossary Exchange Crypto meme
2020 ADV Europe, s.r.o. All Rights Reserved.
Back to all glossary

Decentralized

One of the most important things about crypto, if not the most important, is the decentralization aspect. In the traditional financial world, everything is controlled by a central entity, there is a central database, central system etc ...

Crypto is different since it's using the blockchain, that is distributed over hundreds or thousands of locations, all carrying a copy of the same database (for example). There is no central place, where you could make changes to the blockchain, no new entry is possible without a consensus reached by the parties involved.

To put it in a simple way, decentralized means being distributed across multiple locations that work together in order to reach certain goal.


Top Gainer24h
TraDove B2BCoin
$0.7401
6267.29
Top Looser24h
SALT
$0.237
-14.00
Crypto Glossary
Difficulty
Related to cryptocurrencies that use the POW protocol, thus are mine-able.…
Escrow
Escrow is a specific type of contract, where a third party entity receives…
ROI
ROI means Return On Investment, so the % you made on top of the initial inv…
Great. First of all, please join us!
To customize your feed you must log in first. Allthecryptonews is a community to share and geek out about the latest news in cryptocurencie, ICO’s and so on. Join us.
We'll never post to any of your accounts without your permission.