Definition of Byzantine Fault

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.

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Related Terms

Decentralized

A system where there are no centralized points of failure or organization with no central authority figure.

Ticker

A ticker is a stock or asset symbol that abbreviates the asset name and it can be used as an identifier of the asset.

Soft Fork

A backward-compatible update to a decentralized blockchain protocol.

Leverage

It is an investment strategy to gain potential return of the investment by borrowing the money

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