• Digital money organized by a synced distributed ledger online. While centralized currencies are backed by the economies of countries, [decentralized] currencies typically dont have a government affiliation. These currencies are run by incentivized volunteers via appropriate consensus algorithms. Much like incentivized volunteers run Uber, called drivers, and [Airbnb], called hosts, incentivized volunteers, traditionally called miners, run these decentralized currency protocols. Examples of decentralized currencies include Bitcoin and [Ethereum].


    Decentralized currency meaning & definition 1 of Decentralized currency.

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