What characterizes them is decentralized authority.

这一新框架的特征是权力的去中心化。

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Because it is run by a decentralized network of computers around the world, Bitcoin does not require a central authority like a central bank or financial institution.

由于比特币是由世界各地分散的电脑网络运作的，所以它不需要中央银行这样的中央权威机构或金融机构。

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A decentralized and localized political authority.

分散的、地方化的行政权力。

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