Decentralised
Revision as of 12:48, 26 April 2022 by Define (talk | contribs) (Created page with "When something does not have any central control but rather operates independently through peer-to-peer networks and consensus algorithms instead, transactions cannot be reversed once confirmed on blockchains that do not have any central authority or place of residence since they are decentralised. == Sources: == https://fintechmagazine.com/financial-services-finserv/140-blockchain-and-crypto-words-ultimate-z-glossary Category:Glossary")
When something does not have any central control but rather operates independently through peer-to-peer networks and consensus algorithms instead, transactions cannot be reversed once confirmed on blockchains that do not have any central authority or place of residence since they are decentralised.