coingecko (thumbnail mini)
Continue in app
Track prices in real-time
coingecko (thumbnail mini)
Continue in app
Track prices in real-time

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.

Share this with a friend!

Related Terms

Derivatives
A financial instrument which derives its value from the performance of an underlying asset or index (eg. gold, crude oil)
Proof-of-Burn (PoB)
A consensus algorthm that assigns block validation queue based on the coins/token burned by the validator.
Watchlist
A personally defined list of values to watch over for activity or changes.
Side Chain
A separate blockchain ledger that runs parallel with the primary blockchain.
Hungry for more knowledge?
Back to Glossary or Subscribe to our newsletter.