The traditional basis for the classification of quasicrystals has been the majority constituent element, and thus Al-, Ga-, Ti-, Zr-, Hf-, Zn-, Cd- and Cu-based quasicrystals have been analyzed in the literature. Occasionally, when two elements are present in comparable proportions, they have been termed as Ti-Zr-, Zn-Mg-, Cd-Mg- and Ag-In-based quasicrystals. We propose a new classification of quasicrystals on the basis of atomic size to recognize the dominant role of the large size atoms in forming the icosahedral phases. We propose a classification of quasicrystals as centered on Li-, Mg-, Al-, Ga-, Ca-, Sc-, Y-, Ti-, Zr-, Hf- and rare-earth elements, as they are the largest atoms in the constituent quasicrystals. The term centered is us...