Decentralized
By CoinGecko | Updated on Mar 03, 2020
Describes a system where there are no centralized points of failure (eg. a pillar that holds an entire structure up), or an organization that has no central authority figure. Bitcoin is an example of a decentralized system.
Related Terms
Stale Block
Double mined blocks that are not included in the blockchain.
Mempool
It is the abbreviation of Memory Pool. Set of unconfirmed transactions in a blockchain
Whitelist
List of approved participants that will be given access to a token sale (ICO, IEO, STO etc...)
Double Spending
Double spending refers to the act of spending digital currencies twice. This is most commonly applied on crypto exchanges by unscrupulous actors.
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