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The word "centralisation" came into use in France in 1794 as the post-Revolution French Directory leadership created a new government structure. The word "décentralisation" came into usage in the 1820s. [2] "Centralization" entered written English in the first third of the 1800s; [3] mentions of decentralization also first appear during those ...
Decentralized computing is the allocation of resources, both hardware and software, to each individual workstation, or office location. In contrast, centralized computing exists when the majority of functions are carried out, or obtained from a remote centralized location. Decentralized computing is a trend in modern-day business environments.
This task-allocation system, similar to a division of labor is flexible in that all tasks rely on either the number of ant encounters (which take the form of antennal contact) and the sensing of chemical gradients (using olfactory sensing for pheromone trails) and can thus be applied to the entire ant population.
This form of socialist economy is related to the political philosophies of libertarian socialism, syndicalism and various forms of communal utopian socialism. Examples of decentralized democratic planning include council communism, individualist anarchism, industrial democracy, participatory economics, Soviet democracy and syndicalism. [33]
The first and most widely used decentralized ledger currency, [8] with the highest market capitalization as of 2018. [9] 2011 Litecoin: LTC, Ł Charlie Lee: Scrypt: C++ [10] PoW: One of the first cryptocurrencies to use scrypt as a hashing algorithm. 2011 Namecoin: NMC Vincent Durham [11] [12] SHA-256d: C++ [13] PoW: Also acts as an alternative ...
Related changes; Upload file; Special pages; Permanent link; ... Decentralized identifier; Decentralized web; Delegated administration; Democratic Party for a New ...
Decentralized computing has a long theoretical and practical history in the design of robust systems. The internet itself was designed around principles of decentralization, allowing an unknown network of machines to be organically connected, addressed, and updated over time without a central administration.
A logo for Bitcoin, the first decentralized cryptocurrency The genesis block of Bitcoin's blockchain, with a note containing The Times newspaper headline. This note has been interpreted as a comment on the instability caused by fractional-reserve banking.