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Digital money organized by a synced distributed ledger online. While centralized currencies are backed by the economies of countries, decentralized currencies typically don't 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.
I haven't been trading much decentralized currency lately.
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by undertheradar July 08, 2019
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Jan 22 Word of the Day
Whenever making a congratulatory remark, this is what you say. Made popular by Kamala Harris when she and Joe Biden won the presidency.
Sam: Wow, I can’t believe we just won that relay race!
Cat: we did it Joe 😭😭
by Zozogabobo December 04, 2020
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