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
Hashrate
Total processing power of a blockchain or what is the same, are the amount of hash values that can be made in a period of time.
Web3 Wallet
Web3 Wallet is the software that allows you to interact with web 3.0.
Mining Contract
Another term for cloud mining, where users can rent or invest in mining capacity online.
Hybrid PoW/PoS
It is the allowance for both Proof-of-Stake and Proof-of-Work distribution consensus to work on the same network.
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