ID: I202602131750 Status: idea Tags: Cryptocurrency

decentralisation

A good starting point for picturing decentralisation is to think of how the internet is structured. The internet is not kept in any one place and is instead distributed and managed by users across the world. In a crypto context, decentralisation refers to the way cryptocurrency transactions are validated. Instead of a central authority processing them, such as a bank, a network of computers (or nodes) does it. This gives crypto transactions a more transparent process than the methods used in traditional banking. Decentralisation also reduces the risk of single points of failure — if one node breaks down, others are there to keep the network running.

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References

revolut learn section

ID: M202602131550 Status: MOC Tags: Revolut

revolut learn section

I was looking through the “Learn” section in the Revolut app and found a section about this topic.

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Link to original