Decentralization is a foundational principle of cryptocurrencies and blockchain technology. It refers to the distribution of control and authority across a network, rather than being concentrated in a single entity or central authority. In a decentralized system, participants, known as nodes, collectively make decisions and validate transactions. This approach enhances transparency, security, and censorship resistance, as there is no central point of failure or control. Decentralization is a critical concept for individuals interested in the potential of cryptocurrencies to disrupt traditional financial systems and promote trust in peer-to-peer interactions.
Decentralization
CRYPTO GLOSSARY
Blockchain
- Altcoin
- Block
- Blockchain
- Confirmation
- Cross-Chain
- Crypto Glossary
- Cryptocurrency
- Cryptography
- Custodial Wallet
- dApp (Decentralized App)
- Decentralization
- Decentralized Autonomous Organization (DAO)
- Decentralized Finance (DeFi)
- ERC-20
- ERC-721
- Ether (ETH)
- Fork (Blockchain Fork)
- Gas (Ethereum Gas)
- Gas Limit
- Gwei
- Hardware Wallet
- Immutable
- Immutable Ledger
- Mining (Cryptocurrency Mining)
- Mining Pool
- Node
- Non-Custodial Wallet
- Open-Source
- Oracle
- Oracles (Blockchain Oracles)
- Private Blockchain
- Private Key
- Proof-of-Stake (PoS)
- Public Key
- Public Key Infrastructure (PKI)
- Richard Heart
- Satoshi Nakamoto
- Seed Phrase (Recovery Phrase, Seed Words)
- SLIP-0039
- Smart Contract
- Smart Contract Audit
- Stablecoin
- Token
- Tokenomics
- Validator
- Vitalik Buterin
- Wallet Address
- Whitepaper
Crypto Finance
- Airdrop
- All Time High (ATH)
- All Time Low (ATL)
- Bitcoin
- Cardano (ADA)
- Chainlink (LINK)
- Circulating Supply
- Crypto Glossary
- Dogecoin (DOGE)
- ERC-20
- ERC-721
- Ether (ETH)
- Fake Airdrops
- Gas Limit
- Gwei
- HEX
- Hodl
- KYC (Know Your Customer)
- Liquidity
- Litecoin (LTC)
- Market Cup
- Monero (XMR)
- Polkadot (DOT)
- PulseChain (PLS)
- PulseX PLSX
- Richard Heart
- Ripple (XRP)
- ROI (Return On Investment)
- Satoshi
- Satoshi Nakamoto
- Stellar (XLM)
- STO (Security Token Offering)
- Tezos (XTZ)
- Trading
- Trading Pair
- Volatile (Volatility)
- Volatility
- Wallet Address
- Wei
- Whale
- Whitepaper
- Yield Farming
- Zero-Knowledge Proofs (ZKPs)
- zk-SNARK
Crypto Security
- All Time Low (ATL)
- BIP-39
- Confirmation
- Crypto Glossary
- Cryptography
- Cryptojacking
- Custodial Wallet
- Decentralization
- Decentralized Private Network (DPN)
- Fake Airdrops
- Hardware Wallet
- Immutable
- KYC (Know Your Customer)
- Malware
- Open-Source
- Passphrase
- Pharming
- Private Key
- Public Key
- Public Key Infrastructure (PKI)
- Seed Phrase (Recovery Phrase, Seed Words)
- Shamir Backup (Shamir’s Secret Sharing)
- SLIP-0039
- Smart Contract Audit
- Trojan
- Two-Factor Authentication (2FA)
- Virtual Private Network (VPN)
- Wallet
- Wallet Address
- Zero-Knowledge Proof (ZKP)
- Zero-Knowledge Proofs (ZKPs)
- zk-SNARK