Byzantine Fault
By CoinGecko | Updated on Mar 03, 2020
A byzantine fault is where an error has occured, yet a computer system does not know due which component/what failed to the lack of information and continues to iterate on a given instruction.
An example of a byzantine fault tolerant distributed computing system that accounts this is the Bitcoin blockchain which utilizes the Proof-of-Work system to achieve consensus on the blockchain.
Related Terms
Hash
A hash function is an output code (unique and alphanumeric) that we obtain from an input string,
Burned Tokens
Tokens which have been sent to addresses whose private key are not known, effectively becoming unusable.
Distributed Ledger Technology (DLT)
Describes the technology that enables distributed ledger.
InterPlanetary File System (IPFS)
The InterPlanetary File System (IPFS) is a peer-to-peer network and distributed file system protocol for storing and transferring data.
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