Tag: Decentralization
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Disintermediation
Disintermediation removes intermediaries from transaction processes, enabling direct links between producers and consumers. Initially seen in finance, its relevance has expanded with technological progress, influencing sectors such as retail and media.
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Double Spend Problem
The Double Spend Problem in digital currencies refers to the risk of duplicating or reusing a digital unit of currency. Blockchain technology, with its cryptographic security and public ledger, provides a solution to this challenge, although potential risks still exist.