Decentralized Payment Network
A decentralized payment network is a system that allows people to send and receive money directly to each other without needing to rely on banks or other middlemen for security and operation.
More terms under D
- Decentralized MarketplaceA decentralized marketplace is an online platform that uses blockchain technology to let people buy and sell directly with each other, without needing…
- Decentralized NetworkA decentralized network is a group of connected computers that work together without a central authority or server controlling them.
- Decentralized Order BookA decentralized order book is a way of trading where buy and sell orders are matched across a network of computers, instead of being managed by one central…
- Decentralized Social MediaDecentralized social media is a social media platform that uses blockchain technology, allowing users to control their own data and interactions without a…
- Decentralized StablecoinDecentralized stablecoins are digital currencies that maintain a stable value and operate without a central authority, meaning no single organization controls…
- Decentralized Vehicle-to-Everything (D-V2X)Decentralized Vehicle-to-Everything (D-V2X) uses a network where each participant keeps their own copy of a shared record, helping to ensure that the…
Educational definition. Protocol rules and market conventions can differ; check an asset's official documentation.