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
Custody
Protective care or guardianship of an asset.
Pay-Per-Share (PPS)
You are compensated for each valid share that you contribute. Each share is worth a set amount of cryptocurrency that may be mined.
Hard Fork
It is a permanent divergence of a blockchain into two blockhains. The original blockchain does not recognize the new version.
Dump
A common term used to describe downward market movement, or to describe the action of selling an individuals holdings.
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