Since 2021, aggregated from related topics
Decentralized algorithms refer to algorithms that can operate without a central authority or control, allowing for distributed decision-making and coordination among multiple autonomous entities. These algorithms are commonly used in various fields, including networking, distributed systems, and blockchain technology. Decentralized algorithms are designed to enable efficient and scalable communication, coordination, and consensus among a network of nodes or agents. They often rely on principles of decentralization, fault tolerance, and self-organization to achieve robust and resilient performance in dynamic and unpredictable environments. Some common applications of decentralized algorithms include peer-to-peer networks, distributed databases, consensus protocols, and decentralized finance systems. These algorithms play a crucial role in enabling decentralized systems to function effectively and securely without relying on a single point of failure or control.