Quote from: saitama36 on June 18, 2018, 02:45:45 AM

Quote from: mekanical on June 18, 2018, 02:35:56 AM

Why Is Blockchain Referred To As A Decentralized Database?

A decentralized organization is an organization which has no centralized source of government or leadership. In a decentralized system of governance, there is no form of laid down rules nor discussion made in ascertaining major decisions. This system automates the governance to a degree. The system of Blockchain is not foreseen by a committee or board.

Moreover, All rules are, instead, encoded in form of contracts i.e smart contracts, as explained above, which has been automated through software codes which, automatically enforces a transaction and is also visible to all those on the same blockchain..