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RE: [Video Blog #147] - Streamity - A Decentralised Cryptocurrency Exchange

in #video6 years ago

The concept of decentralization is one of the most important concepts that are traded frequently and periodically in our time especially in the world of digital currencies and the Qin Block. In this article we will discuss the concept of decentralization and how it is embodied through Block Qin technique.

Decentralization
According to Wikipedia, decentralization is defined as the degree of non-concentration of power, that is, the dispersion of authority and its distribution among people and different administrative levels in the organization or at the state level. In the world of digital currencies, a decentralized network is a network that does not depend on its work or management on a third party or intermediary. But are run and managed by network users. This type of network is called per-to-per-network, where every user of the network communicates with any other user without asking permission or need for any other party. This type of network is characterized as impenetrable and immune against intrusions as there is no single entity if hacked can penetrate the control of the network and manipulation. To understand decentralization more clearly, let's compare centralism to decentralization

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