Crypto Terms:
Letter C
What is Censorship Resistance?
Meaning:
Censorship Resistance -
the idea that no one can be prevented from using a given platform or network by any party.
Let's find out Censorship Resistance meaning, definition in crypto, what is Censorship Resistance, and all other detailed facts.
Censorship resistance is the idea that no one can be prevented from using any given network or platform. Censorship resistance in blockchain networks means that all users follow the same regulations equally and the regulations themselves cannot be altered for any personal gain.
In censorship-resistant blockchain networks, all transactions are reinforced and protected from any meddling or interference. The data regarding a finished transaction is distributed between all network nodes, making it nearly impenetrable to any attempts to alter it.
This feature has been available since the inception of Bitcoin (BTC) and has been widely adopted by other blockchain-based projects.
Decentralized finance (DeFi) is a sector where censorship resistance holds significant value. Traditional finance products and services can be difficult to enter as there are many restrictions and regulations for people who wish to conduct transactions.
With DeFi, users may access features of traditional finance with censorship resistance. However, this may also carry higher risks and higher yields.
Blockchain technology has been perceived as a step toward freedom from the restrictions of traditional finance systems. Distributed ledger technologies (DLT) have been particularly emphasized, with some advocating to implement them in journalism, a sector that experiences high levels of censorship.
It is very complicated to censor a blockchain. However, such a scenario would not be impossible. One of the ways of managing to censor a blockchain could be a 51% attack, although this tactic would not have a long-lasting effect due to the costs required to maintain it.
fiat currency<\/strong><\/a> and determining the interest rates on loans or bonds, which affects the financial growth, customer spending, and activity in the various industries.<\/p>\n<p>The decisions made by the central bank have a direct impact on a national economy and are expected to follow certain goals set for its further development. Furthermore, central banks hold <strong>foreign exchange reserves<\/strong>. In case of a financial crisis, the central bank may provide loans for other financial institutions or the government.<\/p>\n<p>Central banks maintain capital and reserve requirements and required policies which regulate the work of member banks.<\/p>","definition":"a financial institution that oversees the commercial banking system of a state or an economic union of nations and manages the monetary policies.","status":"published","meta_title":"What is Central Bank? Definition & Meaning | Crypto Wiki","meta_description":"Central Bank meaning: Central Bank - a financial institution that oversees the commercial banking system of a state or an economic union of nations and manages the monetary policies.","meta_keywords":null}"
:prev-section="{"id":149,"wikipedia_url":"https:\/\/en.wikipedia.org\/wiki\/Censorship","level":"medium","author_id":1,"created_at":"2023-06-19T06:58:59.000000Z","updated_at":"2023-12-26T16:25:22.000000Z","slug":"what-is-censorship","title":"What is Censorship?","section":"C","keyword":"Censorship","content":"<p><strong>Censorship is a way of controlling the things that are said or shown to the general public.<\/strong> It can be validated either by the government or private entities.<\/p>\n<p>Censorship resistance, on the other hand, may refer to a trait of a cryptocurrency network implying that anybody who wants to transact on the network may do so as long as they obey the network system's regulations.<\/p>\n<p>As a result of censorship resistance, <a href=https://www.bitdegree.org/"//crypto//buy-bitcoin-btc/">Bitcoin and other cryptocurrencies were completely banned. In the sense that no one can undo a Bitcoin transaction or blacklist a <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-wallet/">wallet or address, Bitcoin is censorship-resistant. Every miner, as well as any node, has the ability to mine any transaction. As a result, Bitcoin transactions can't be censored.<\/p>\n<p><strong>Likewise, no country, business, or third-party organization has authority over individuals who trade or keep their money on a blockchain network.<\/strong><\/p>\n<p>The whole idea of censorship resistance is promoted by the concept of future of the cryptocurrencies.<\/p>\n<p>Google has prohibited the use of Bitcoin and other cryptocurrency terms in advertisements that appear on its platform. However, things have changed, and the tech giant now allows crypto service providers in the United States to broadcast their advertising. There are severe criteria that they must obey though, implying that there is censorship.<\/p>\n<p>Nowadays, Google still does not allow advertising on its platform that has any relations to <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-defi/">DeFi trading mechanisms or <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-initial-coin-offering-ico/">initial coin offerings (ICOs)<\/strong><\/a>. Google has not stopped prohibiting crypto trading and mining applications that do not follow its set of guidelines.<\/p>\n<p>The crypto applications that Google does allow though are <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//goon//binance/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong>Binance<\/strong><\/a>, STEX, and CoinMarketCap.<\/p>\n<p>Another example would be when China banned crypto mining in its country, in May 2021. They stated that the reason behind this decision was the lack of security that would prevent manipulation which can lead to big losses for crypto investors and a lack of support value.<\/p>\n<p>The ban was very influential to Bitcoin since it fell from its <strong>all-time high<\/strong> of approximately $65,000 to somewhere around $28,000. In August of 2021 Bitcoin reached $50,000 yet again.<\/p>\n<p> The most common purposes of censorship are:<\/p>\n<ul>\n<li>To manage offensive content<\/li>\n<li>To protect children<\/li>\n<li>To ban child pornography<\/li>\n<li>To help prevent slavery<\/li>\n<li>To discourage the use of offensive language<\/li>\n<li>To restrain or encourage political or religious views<\/li>\n<\/ul>\n<p>Self-censorship refers to the way an individual creates some kind of media and participates in censorship of their works or statements.<\/p>","definition":"is the suppression of written or spoken language or media that is harmful to the public.","status":"published","meta_title":"What is Censorship? Definition & Meaning | Crypto Wiki","meta_description":"Censorship meaning: Censorship - is the suppression of written or spoken language or media that is harmful to the public.","meta_keywords":null}"
:model="{"id":152,"wikipedia_url":"https:\/\/en.wikipedia.org\/wiki\/Internet_censorship_circumvention","level":"easy","author_id":1,"created_at":"2023-06-19T06:58:59.000000Z","updated_at":"2023-12-26T16:26:48.000000Z","slug":"what-is-censorship-resistance","title":"What is Censorship Resistance?","section":"C","keyword":"Censorship Resistance","content":"<p><strong>Censorship resistance<\/strong> is the idea that <strong>no one can be prevented from using any given network or platform<\/strong>. Censorship resistance in <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-blockchain/">blockchain networks<\/strong><\/a> means that all users follow the same regulations equally and the regulations themselves cannot be altered for any personal gain.<\/p>\n<p>In censorship-resistant blockchain networks, all transactions are reinforced and protected from any meddling or interference. The data regarding a finished transaction is distributed between all <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-node/">network nodes<\/strong><\/a>, making it nearly impenetrable to any attempts to alter it.<\/p>\n<p>This feature has been available since the inception of <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//buy-bitcoin-btc/">Bitcoin (BTC)<\/strong><\/a> and has been widely adopted by other blockchain-based projects.<\/p>\n<p><a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-defi/">Decentralized finance (DeFi)<\/strong><\/a> is a sector where censorship resistance holds significant value. Traditional finance products and services can be difficult to enter as there are many restrictions and regulations for people who wish to conduct transactions.<\/p>\n<p>With DeFi, users may access features of traditional finance with censorship resistance. However, this may also carry higher risks and higher yields.<\/p>\n<p>Blockchain technology has been perceived as a step toward freedom from the restrictions of traditional finance systems. <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-distributed-ledger-technology-dlt/">Distributed ledger technologies (DLT)<\/strong><\/a> have been particularly emphasized, with some advocating to implement them in journalism, a sector that experiences high levels of censorship.<\/p>\n<p>It is very complicated to censor a blockchain. However, such a scenario would not be impossible. One of the ways of managing to censor a blockchain could be a <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-51-attack/">51% attack<\/strong><\/a>, although this tactic would not have a long-lasting effect due to the costs required to maintain it.<\/p>","definition":"the idea that no one can be prevented from using a given platform or network by any party.","status":"published","meta_title":"What is Censorship Resistance? Definition & Meaning | Crypto Wiki","meta_description":"Censorship Resistance meaning: Censorship Resistance - the idea that no one can be prevented from using a given platform or network by any party.","meta_keywords":null,"author":{"id":1,"user_id":1,"created_at":"2023-05-03T14:30:55.000000Z","updated_at":"2023-05-11T07:18:20.000000Z","title":"Editor-In-Chief","slug":"aaron-s-editor-in-chief","description":"<p>Having completed a Master’s degree on Economics, Politics & Culture for the East Asia region, Aaron has written scientific papers with a comparative analysis of the differences between US’ Western and Japan’s Collective forms of capitalism, 1945-2020.<\/p>\n<p>With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.<\/p>\n<p>Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.<\/p>\n<p>Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.<\/p>","user":{"id":1,"first_name":"Aaron","last_name":"S.","email":"aaron@bitdegree.org","email_sanitized":"aaron@bitdegree.org","email_verified_at":"2023-12-01T09:40:20.000000Z","must_verify_email":false,"is_registered_with_wallet":false,"status":"active","country":"LT","last_connected_ip":"88.119.132.125","image_id":2641,"referral_token":"05TMu2NysXOCn525","referred_by":null,"created_at":"2023-05-03T14:30:55.000000Z","updated_at":"2024-01-09T15:22:21.000000Z","full_name":"Aaron S."}}}"
:chapter-list="[{"id":1,"title":"Blockchain","slug":"blockchain","updated":null,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-blockchain.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/blockchain-101.jpg","rating":100,"sections":[{"chapter_id":1,"order":1,"slug":"what-is-blockchain","title":"What is the Blockchain?","status":"published","modified_content":null},{"chapter_id":1,"order":2,"slug":"decentralized-blockchain","title":"Anonymous & Decentralized Blockchains: The Cornerstone of Crypto","status":"published","modified_content":null},{"chapter_id":1,"order":3,"slug":"blockchain-transaction","title":"What is a Blockchain Transaction in Crypto?","status":"published","modified_content":null},{"chapter_id":1,"order":4,"slug":"crypto-fees","title":"The Different Types of Crypto Fees Explained","status":"published","modified_content":null},{"chapter_id":1,"order":5,"slug":"what-is-bridging-in-crypto","title":"The Key Notion Behind the Concept of Bridging in Crypto","status":"published","modified_content":null},{"chapter_id":1,"order":6,"slug":"types-of-blockchains","title":"Different Types of Blockchains: What to Look Out For?","status":"published","modified_content":null}]},{"id":2,"title":"Cryptocurrencies","slug":"cryptocurrencies","updated":null,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-cryptocurrencies.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/cryptocurrencies-101.jpg","rating":100,"sections":[{"chapter_id":2,"order":1,"slug":"what-is-a-cryptocurrency","title":"What is a Cryptocurrency?","status":"published","modified_content":null},{"chapter_id":2,"order":2,"slug":"how-does-cryptocurrency-work","title":"How Does Cryptocurrency Work?","status":"published","modified_content":null},{"chapter_id":2,"order":3,"slug":"is-cryptocurrency-a-good-investment","title":"Is Cryptocurrency a Good Investment? The Pros & Cons","status":"published","modified_content":null},{"chapter_id":2,"order":4,"slug":"coin-vs-token","title":"Coin VS Token: How Do They Differ?","status":"published","modified_content":null},{"chapter_id":2,"order":5,"slug":"what-are-stablecoins","title":"What are Stablecoins, Altcoins & Wrapped Coins?","status":"published","modified_content":null},{"chapter_id":2,"order":6,"slug":"what-is-a-bitcoin","title":"Bitcoin: the Pioneer of the Crypto World","status":"published","modified_content":null},{"chapter_id":2,"order":7,"slug":"what-is-ethereum","title":"The Ultimate Blockchain for dApp Creation: Ethereum","status":"published","modified_content":null},{"chapter_id":2,"order":8,"slug":"what-is-cardano-in-crypto","title":"What is Cardano and What is It Used For?","status":"published","modified_content":null},{"chapter_id":2,"order":9,"slug":"what-is-shiba-inu-coin","title":"Shiba Inu: the Dogecoin 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The Ins and Outs","status":"published","modified_content":null},{"chapter_id":5,"order":3,"slug":"buying-nft","title":"Tips and Tricks of Choosing the Right NFTs","status":"published","modified_content":null},{"chapter_id":5,"order":4,"slug":"how-to-store-nft","title":"How to Store NFTs: Best Practices","status":"published","modified_content":null},{"chapter_id":5,"order":5,"slug":"how-to-create-an-nft","title":"How to Create Your Own NFTs?","status":"published","modified_content":null},{"chapter_id":5,"order":6,"slug":"how-to-make-passive-money-with-nft","title":"Making Passive Money with NFTs","status":"published","modified_content":null}]},{"id":6,"title":"dApps & Defi","slug":"dapps-and-defi","updated":true,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-dapps.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/dapps-defi-101.jpg","rating":80,"sections":[{"chapter_id":6,"order":1,"slug":"what-are-nfts","title":"What are Non-Fungible Tokens 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Contracts?","status":"published","modified_content":null},{"chapter_id":6,"order":7,"slug":"what-is-a-dao-in-crypto","title":"The Notion of a Decentralized Autonomous Ogranization (DAO)","status":"published","modified_content":null},{"chapter_id":6,"order":8,"slug":"what-is-staking-in-crypto","title":"What is the Goal of Staking Crypto Assets?","status":"published","modified_content":null},{"chapter_id":6,"order":9,"slug":"what-is-liquidity-pool-in-crypto","title":"What is a Liquidity Pool and How Does It Work?","status":"published","modified_content":null},{"chapter_id":6,"order":10,"slug":"what-is-automated-market-maker","title":"Automated Market Maker: the Cornerstone of the Decentralized Crypto Exchange Industry","status":"published","modified_content":null},{"chapter_id":6,"order":11,"slug":"what-is-yield-farming-in-crypto","title":"The Main Yield Farming 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Mining?","status":"published","modified_content":null},{"chapter_id":9,"order":3,"slug":"what-is-staking-crypto","title":"An Advanced Look into What is Staking Crypto","status":"published","modified_content":null},{"chapter_id":9,"order":4,"slug":"what-is-proof-of-stake-vs-proof-of-work","title":"Proof-of-Work VS Proof-of-Stake: The Differences That Matter","status":"published","modified_content":null},{"chapter_id":9,"order":5,"slug":"what-is-crypto-mining-rig","title":"Crypto Mining Rig: What It is and How to Build One?","status":"published","modified_content":null}]},{"id":10,"title":"Crypto Terms","updated":false,"chapter":"crypto\/assets\/crypto-book\/chapters\/crypto-101-glossary.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/crypto-glossary-101.jpg","rating":100,"sections":["A","B","C","D","E","F","G","H","I","J","K","L","M","N","O","P","Q","R","S","T","U","V","W","X","Y","Z"]}]"
current-chapter="C"
current-section="what-is-censorship-resistance">
