Difference between revisions of "Decentralized"
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Jimcrypted (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") |
Jimcrypted (talk | contribs) m (corrected spelling) |
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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 | 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 decentralized. | ||
== Sources: == | == Sources: == | ||
https://fintechmagazine.com/financial-services-finserv/140-blockchain-and-crypto-words-ultimate-z-glossary | https://fintechmagazine.com/financial-services-finserv/140-blockchain-and-crypto-words-ultimate-z-glossary | ||
[[Category:Glossary]] | [[Category:Glossary]] | ||
Latest revision as of 05:51, 28 April 2022
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 decentralized.