Sentences with phrase «centralised authority»
The phrase "centralized authority" refers to a system or organization where power, control, and decision-making are concentrated in a single central source or entity. This means that important decisions and actions come from a central authority, often without much input or influence from other individuals or groups. Full definition
Research in the philosophy of political structures, the history of centralised authority and potential positive alternatives will also be frequently on the agenda.
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A political issue with the smaller biosphere idea is that if a truly self - contained one can be built, then no one in it needs anyone else, and this takes away power from centralised authorities, which may be resisted by some.
Bitcoin does undermine centralised authorities and that is why they trust in it.
Bitcoin is the first ever implementation of a technology that allows for p2p transactions without the need of a centralised authority (a bank).
Bitcoin was created as a means of sending p2p transactions anywhere in the world without a centralised authority.
While the other has a limited maximum supply that can't be changed by anyone, can not be printed by any centralised authority and takes minutes to send anywhere in the world.
Power would not be used for lighting, but potentially for manufacturing by a centralised authority.
The communities involved in our training sessions now understand that decentralised and autonomous data archives models, such as one that is provided by the blockchain, can be an interesting alternative to centralised data storage solution and that the Bitland model will eliminate the dependency on a centralised authority and will allow distributed and trusted storage across nodes in the blockchain network.
Market regulators have voiced concerns about the lack of a centralised authority over the cryptocurrency, which makes it difficult to control or monitor transactions.