TerminologiesBlockchain: A database of sorts that stores data in blocks chained together in the network. Most common use has been a ledger for transactionsDecentralization: Anyone can transact on the ledger through different mechanisms like proof of work or mining to prevent people from corrupting the integrity of the systemCentralization: Only known and identified parties can transact on the ledger which means there is less transparency and transactions can be auditedSmart Contract: An agree...