Collective agreement by various computers in a network that allows it to work in a decentralized, P2P manner without the need of central authority to deter dishonest network participants.
Distributed Consensus
Related Terms
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Ethereum is a decentralized, open-source, and distributed computing platform that enables the creation of smart contracts and decentralized applications, also known as dapps. Ethereum, or the Ethereum Virtual Machine (EVM), is an attempt to build a new version of the internet: An internet where money and payments are built-in. An internet where users can own […]
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Dash (DASH) is a cryptocurrency based on Bitcoin software but has anonymity features that make it impossible to trace transactions to an individual. It was created by Evan Duffield in 2014 and was previously known as XCoin (XCO) and Darkcoin. Dash describes itself as digital cash that aims to offer financial freedom to everyone. Payments are […]
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A list of recorded, time-stamped transactions that is simultaneously broadcast, copied and verified via consensus across many different computers in a P2P distributed network. If every computer...
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