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K Λ V Ξ H pfp
K Λ V Ξ H
@0xkaveh
✈️ Blockchain Class #3✈️ 💲 3k 🎩 For x3 Best Answers 💲 📝What does "decentralized" mean in the context of blockchain?📝 ⌛Winners Announcement T - 24 H ⌛
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K Λ V Ξ H pfp
K Λ V Ξ H
@0xkaveh
Congratulations to winners: there were many correct answer, so I pick 3 randoms and many copied each other :(, do not do that guys, i will have more challenge use your own comprehension of the Answer you got and write it down. 1. @rezarwz 2. @900 3. @milosan tnq for participating. will make more today <3 GL
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Ahmad.base.eth🔵 pfp
Ahmad.base.eth🔵
@am3
In blockchain, "decentralized" means the network operates without a central authority, relying on a distributed network of nodes for transaction verification and record-keeping, promoting security and trust among participants.
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MrM.base.eth |🎩|🔵|↑ pfp
MrM.base.eth |🎩|🔵|↑
@0mr0m0
In the context of blockchain, "decentralized" refers to a system where data is not stored in a central location but is distributed across a network of computers, known as nodes. Each node on the network maintains a copy of the blockchain ledger, making it a decentralized ledger.
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Fayaz 🐹 pfp
Fayaz 🐹
@fayaz
Decentralization in blockchain is like a community garden where everyone tends to the plot rather than a single gardener. It's about sharing control equally to create a more secure and democratic system.
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Zen pfp
Zen
@z8
A decentralized exchange is a marketplace that runs on a blockchain and enables peer-to-peer transactions directly between cryptocurrency traders.DEXs operate in a non-custodial manner without the need for a custodian or centralized intermediary,such as brokers or banks,to facilitate the transfer and custody of funds..
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Reza
@rezarwz
In the context of blockchain, "decentralized" means the distribution of control and power away from a central authority. This system operates across a network of computers worldwide, with each having a copy of the ledger. No single entity can alter data without network consensus, ensuring transparency and security.
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artman 🖼️🧾🍖🎩 pfp
artman 🖼️🧾🍖🎩
@altanon
“freedom from everything but oneself” gm Kaveh 📝
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0xsobhan.base.eth pfp
0xsobhan.base.eth
@0xsobhan
In a decentralized system, there's no single point or group of control. Data and operations are distributed across a network of computers (nodes) that work together to maintain the system. These networks are ensured to be prized for their activity!
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aren.base.eth pfp
aren.base.eth
@overo.eth
In blockchain,every node in the network has a copy of the blockchain database,and decisions and agreements in the decentralized network are made collectively and based on consensus mechanisms,In this case,I can point out a few points,increasing resistance to censorship,security and privacy Eliminating middlemen and"EC"
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0xmasoud1987 🎩🐹🎭 pfp
0xmasoud1987 🎩🐹🎭
@0xmasoud1987
Decentralization is not a new concept. When building a technology solution, three primary network architectures are typically considered: centralized, distributed, and decentralized. While blockchain technologies often make use of decentralized networks, a blockchain application itself cannot be categorized.
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MuGen
@mu8en
distribution of power and control across multiple nodes or participants in a network, rather than being concentrated in a single authority or entity. Decentralization ensures that no single entity has complete control over the network, making it more resilient, transparent, and resistant to censorship or manipulation.
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Eliii 🎩🔮 🐹
@eliii
the transfer of control and decision-making from a centralized entity (individual, organization, or group thereof) to a distributed network.
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amir 🎩🔵
@amirst
Good question chosen and Congrat to winners 11 $DEGEN
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zivi
@idomaster
de centeralizatiON off!
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Alisanaei ⛓️🍖✴️ pfp
Alisanaei ⛓️🍖✴️
@alisanaei
Thanks for sharing 70 $DEGEN
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elshan🥀 🍖💎🎭 pfp
elshan🥀 🍖💎🎭
@0xelshan.eth
In the context of blockchain, “decentralized” refers to the transfer of control and decision-making from a single centralized entity (like an individual, organization, or group) to a distributed network. This means that instead of one central authority, a blockchain operates on a peer-to-peer network
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healer 🔵🔮
@healerbtc
it means spreading power of control between more people 531 $DEGEN
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Mo ⧫ pfp
Mo ⧫
@momalekiii
Every one holds one piece of a very big cake except one person holding the whole cake ! 🫡🌱🪙
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Darkmatter
@darkmatter
1. "Decentralized cryptocurrency: Trust in code, not in central authority." 2. "In decentralized cryptocurrencies, power is distributed, transactions are transparent, and freedom reigns." 3. "Cryptocurrency: A revolution where consensus replaces control, and decentralization ensures trust."
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