Decentralized - Deepstash

Decentralized

Decentralized:

  • Decentralization refers to the property of a system in which nodes or actors work in concert in a distributed fashion to achieve a common goal.

Decentralized Applications (DApps):

  • A type of application that runs on a decentralized network, avoiding a single point of failure.

Decentralized Autonomous Initial Coin Offerings (DAICO):

  • A method for decentralized funding of projects that introduces a form of governance in the ICO process, allowing backers to vote for the return of their funds if certain conditions are met.

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