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It depends on what you mean by decentralization. There is a technical meaning, and an intuitive one. I'll talk about the first one first. A decentralized system is one which by design functions and remains secure without the presence of a trusted central party (or parties). I can't tell you what part of Bitcoin makes it have this property - it just happens ...


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'Decentralized' is not a binary distinction. There is no point at which suddenly something is decentralized, or not. For the bitcoin network to function there is some level of decentralization required though, as otherwise the guarantees of censorship resistance will become less strong. Bitcoin is defined from the bottom-up, not the top-down! Bitcoin full ...


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What makes the bitcoin network decentralized? Lot of things together contribute in making Bitcoin decentralized, however most important is requirements to run a fully validating node are low so anyone can do it. Other things: No premine No contentious hard forks to do rollbacks in past because any project or exchange got hacked Block limits and scaling in ...


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Satoshi Nakamoto originally worked to overcome the problems inherent with a timestamp server in his whitepaper, "Bitcoin: A Peer-to-Peer Electronic Cash System," so it is obvious that more than a timestamp server is required to be a blockchain. Fortunately, the prevailing implementation of his concept has multiple methods to prevent timestamp ...


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