An organizational structure wherein a small handful of actors have control over the entire network. CentralizedAn organizational structure wherein a small handful of actors have control over the entire network. In the context of bitcoin,... Read More in the context of bitcoinBitcoin is a cryptocurrency. It is a decentralized digital currency that is based on cryptography. As such, it can operate without the... Read More refers to the concentration of miningA blockchain is a distributed database that is shared among the nodes of a computer network. Read More power to a few large miningMining is the process through which cryptocurrency transactions are gathered, verified, and recorded into a digital ledger known as the... Read More equipment producers or centralized cryptocurrencyA digital currency in which transactions are verified and records maintained by a decentralized system using cryptography, rather than by... exchanges.
