A
decentralized cryptocurrency is a type of digital currency that operates without a central authority or governing entity, such as a government or a bank. It is designed to be open-source and rely on a network of computers to maintain and verify transactions. This means that no single entity has control over the cryptocurrency, making it more secure, transparent, and resistant to censorship.
Full definition
Due to it's popularity and being the
first decentralized cryptocurrency, it remains on the top spot in the list of cryptocurrencies according to price as well as market cap.
«In working closely with the Circle team to formalize our union, we have found a shared vision for a future in
which decentralized cryptocurrency protocols create a far more open, inclusive, and evenly distributed global economy.
It is an open source, peer - to - peer, community
driven decentralized cryptocurrency that allow people to store and invest their wealth in a non-government controlled currency, and even earn a substantial interest on investment.
Because XRP's use is fixed to the Ripple Network, its protocol doesn't involve any mining and Ripple itself controls the majority of tokens, many long - time crypto enthusiasts would put XRP in a separate (albeit in some ways similar) bucket from bitcoin and other, more
decentralized cryptocurrency projects.
Larger,
more decentralized cryptocurrencies such as bitcoin, pegged cryptocurrencies such as sidechains, as well as distributed computing platforms like Ethereum, do not easily fit the definition of a security and also do not present the sort of consumer risk that is best addressed through securities regulation, the paper argues.
In a blog post announcing the merger, Poloniex wrote, «In working closely with the Circle team to formalize our union, we have found a shared vision for a future in which
decentralized cryptocurrency protocols create a far more open, inclusive and evenly distributed global economy.»
The world's first
decentralized cryptocurrency bank, AriseBank, announced that they have reached an agreement with a Federal Deposit Insurance Corporation (FDIC) insured bank that has been in operation in the US for over a century.
KyberNetwork, a highly
anticipated decentralized cryptocurrency exchange, has announced the official conclusion of their one and only public token sale after raising 200,000 ETH from over 21,000 unique addresses.
Coinvest is a
new decentralized cryptocurrency stock exchange based on the blockchain that aims to fully decentralize the process of investing in cryptocurrencies.
Even though China is one of the countries spearheading the fight
against decentralized cryptocurrencies, previous BTCC CEO, Bobby Lee, is hopeful that the country will eventually become more accepting of the industry.
Phrases with «decentralized cryptocurrency»