Zoekresultaat voor POWER

Accountability definition refers to the systematic arrangements in blockchain networks that, through technical means and governance structures, ensure participants (including validator nodes, developers, token holders, etc.) are responsible for their decisions and actions. It encompasses elements of transparency measures, record-keeping, power distribution, incentive alignment, and penalty mechanisms designed to maintain network integrity and prevent abuse of power.

Decentralization is a fundamental characteristic of blockchain technology where no single entity has control over the system or network, with power, decision-making, and data validation distributed across multiple participating nodes. This structure eliminates the need for central authorities, making systems resistant to single points of failure, enhancing transparency and censorship resistance, while reducing manipulation risks.