In decentralized system there is no central system cryptocurrency

in decentralized system there is no central system cryptocurrency

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Not all digital currency is decentralized. There are also cryptocurrencies that use private, centralized systems, where only a select few people have the. Blockchains are politically decentralized (no one controls them) and architecturally decentralized (no infrastructural central point of failure). A cryptocurrency is a medium of exchange that is digital, encrypted and decentralized. Unlike the U.S. Dollar or the Euro, there is no central.
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Comment on: In decentralized system there is no central system cryptocurrency
  • in decentralized system there is no central system cryptocurrency
    account_circle Dubar
    calendar_month 14.11.2020
    I confirm. It was and with me. Let's discuss this question.
  • in decentralized system there is no central system cryptocurrency
    account_circle Zolozragore
    calendar_month 14.11.2020
    It doesn't matter!
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Because each node has a copy of the ledger, each one publishes its version with the latest transactions. DLT is important because it has the potential to transform how information is recorded, stored, and distributed. A central facet of DLT is how transactions are "approved".