Decentralization

Decentralization refers to the distribution of authority and control across a network or system. In the context of cryptocurrencies and blockchain technology, decentralization means that there is no central authority or single point of control. Instead, power and decision-making are distributed among the participants of the network, promoting transparency, resilience, and censorship resistance.

More Definitions…

Fiat currency

Fiat currency refers to a government-issued currency that is not backed by a physical commodity like gold or silver. It holds value based on the trust and confidence placed in the issuing government. Examples of fiat currencies include the US dollar, Euro, British...

Inflation

Inflation is the gradual decrease in the purchasing power of a currency over time, resulting in a general rise in the prices of goods and services. Inflation occurs when the supply of money in an economy exceeds the available goods and services. It erodes the value of...

Hyperledger

Hyperledger is an open-source collaborative effort initiated by the Linux Foundation to develop and advance enterprise-grade blockchain solutions. It provides a modular framework and a set of tools for building private, permissioned blockchain networks tailored for...