DECENTRALIZATION
Terms and keywords
A system where all power is held by a single entity, such as a government or corporation.
An organization that is run through rules encoded as computer programs on a blockchain network, rather than through traditional management structures.
A system that allows individuals to control their own personal information and share it with others in a secure, decentralized manner.
A system where power is distributed among multiple entities, rather than being held by a single entity.
A ledger of transactions or other data that is stored across multiple nodes in a network, rather than being held in a single central location.
method of encrypting communication in such a way that only the communicating parties can access the information being sent.
A blockchain network that is governed by a group of nodes that work together to validate transactions, rather than by a single entity.
A blockchain network that combines aspects of both public and private blockchains, allowing for both public access and controlled access.
Describes something that cannot be changed or altered. In the context of blockchain, this refers to the fact that once a block has been added to the chain, it cannot be modified.
A protocol for enabling transactions between different blockchain networks.
A record of transactions or other data that is stored in a secure, decentralized manner.
A blockchain network that is open to anyone, allowing for anyone to participate as a node or user.
A blockchain network that is only accessible to a specific group of individuals, such as a corporation or government.
A self-executing contract with the terms of the agreement between buyer and seller being directly written into lines of code.
A mechanism for conducting blockchain transactions off-chain in a secure, trustless manner.
The process of converting assets into digital tokens that can be traded on a blockchain network.
Describes a system where trust is not required in order to conduct transactions, as the network is secure and transparent.
A cryptographic technique that allows one party to prove to another that they know a certain piece of information, without revealing the information itself.