Honest question, but does a cryptocurrency have to be decentralized for it to be determined a cryptocurrency?
I didn't think that was the case. It may be more in the spirit of crypto but I don't think it's a hard requirement?
I didn't think that was the case. It may be more in the spirit of crypto but I don't think it's a hard requirement?
Aside from both using cryptography, in the sense, of encryption.
So... if such buzz words are used, it seems like a huge lie.
That being said a cryptocurrency does not have to be decentralised.
However it is very important to understand the difference.
Today even decentralised cyptocurrencies depend on centralised-exchanges, and the consequence is that despite the constraints built into a blockchain algorithm are able to sell unlimited amount of the crypto to users without actually being in possession of the algorithm-limited crypto.