Cryptocurrency Vocabulary Beginner

in cryptocurrencies •  7 years ago  (edited)

• Blockchain
• Distributed Ledger
• Cryptocurrencies
• Ecosystem
• Decentralization
• Sharing Economy
• White paper
• Roadmap
• Alt Coin
• Artificial Intelligence
• Machine Learning
• Internet of Things (IoT)
• Hard Fork
• Soft Fork
• Smart Contract
• Gaming Theory
• Protocol

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The distributed ledger (blockchain) are databases that are not maintained by a centralized entity such as a company, corporation, bank, or government agency but collectively by their users. All changes to the ledger are encrypted; they cannot be altered or deleted. Information from vital records to business transactions can be stacked into a blockchain creating permanent & immutable records.-SLO

The distributed ledger (blockchain) are databases that are not maintained by a centralized entity such as a company, corporation, bank, or government agency but collectively by their users. All changes to the ledger are encrypted; they cannot be altered or deleted. Information from vital records to business transactions can be stacked into a blockchain creating permanent & immutable records.

Wikipedia, Investopedia, GitHub, Blockchain Hub, Blockchain Technologies, Steemit, and TechTarget are good resources for vocabulary.

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de·cen·tral·ize
dēˈsentrəˌlīz/Submit
verb
past tense: decentralized; past participle: decentralized
transfer (authority) from central to local government.

Decentralization - wiki

"If the web's giants decentralize, the web itself will become a wildly different place – it's hard to even wrap your head around, just like it would have been impossible to imagine meme culture in 1999.
Today, a site and its database are one entity. In the decentralized version, the database doesn't belong to its creators; it belongs to its community, and that community can build lots of different business models on top of the database". -3 Web Giants That Could Be Decentralized on a Blockchain

Banking Is Only The Beginning: 36 Big Industries Blockchain Could Transform

What would a blockchain decentralised government look like?