A cryptocurrencyA digital currency in which transactions are verified and records maintained by a decentralized system using cryptography, rather than by... network is a decentralized networkA decentralized network is one in which each node or device operates independently, without the need for central control. This... Read More built on a blockchainA blockchain is a distributed database that is shared among the nodes of a computer network. Read More to create units of and govern the transfer of a currency. Cryptocurrency networks also provide a decentralized platformA decentralized platform is a distributed system that allows users to interact with each other without the need for a... Read More for other applications, such as smart contracts, using a decentralizedDecentralization, an aspect of blockchain technology, facilitates power or authority distribution among individuals, groups, or institutions. A decentralized structure allows... Read More peer-to-peer protocolThe set of rules that define interactions on a network, usually involving consensus, transaction validation, and network participation on a... Read More.
