The Meaning of Decentralization?

in #bitcoin6 years ago (edited)

We, EOS9CAT, wanted to come up with a simple description you all! Hope it would be useful.

Distributed means not all the processing of the transactions are done in the same place. This does not mean that those distributed processors aren't under the control of a single entity. (Think of gas stations, there are Shell stations all over yet all are Shell)

Decentralized means that not one single entity has control over all the processing. By nature, this implies that it is distributed among various parties.

eos9cat - vote for us.png

If you need any other questions, please feel free to send us an email at [email protected] or visit our website

Sort:  

hi i gave you an upvote dont forget to follow me for future upvotes & i always follow back

Coin Marketplace

STEEM 0.30
TRX 0.12
JST 0.032
BTC 59524.20
ETH 2999.76
USDT 1.00
SBD 3.77