
Decentralized Finance; blockchain-based financial services (lending, borrowing, trading) operating without traditional intermediaries.
Decentralized applications running on blockchain networks, typically using smart contracts and offering trustless, permissionless services.
Distribution of control and data across a peer-to-peer network, eliminating single points of failure or authority.
Peer-to-peer cryptocurrency trading platform using smart contracts, without centralized custody of funds.
Cryptocurrency wallet software installed and running on a personal computer.
Periodic recalibration of mining difficulty (every 2016 blocks in Bitcoin, ~2 weeks) to maintain consistent block times despite changes in total hashrate.
Malicious attempt to spend the same coins twice; prevented by blockchain consensus mechanisms.
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