A cryptocurrencyCryptocurrency is decentralized digital currency secured by cryptography. Cryptocurrency utilizes cryptographic protocols to record ownership and prevent counterfeits (when ownership... Read More network is a decentralized networkA decentralized network is one in which each node or device operates independently, without the need for central control. This... Read More built on a blockchainAs a distributed ledger technology (DLT), a blockchain is a digital ledger that can create an immutable record of transactions.... Read More to create units of and govern the transfer of a currency. Cryptocurrency networks also provide a decentralized platformA decentralized platform is a distributed system that allows users to interact with each other without the need for a... Read More for other applications, such as smart contracts, using a decentralizedDecentralization, an aspect of blockchain technology, facilitates power or authority distribution among individuals, groups, or institutions. A decentralized structure allows... Read More peer-to-peer protocolProtocols governing interactions on a blockchain network typically include rules for consensus, transaction validation, and guidelines for how users can... Read More.
