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Peer to peer

By bijok_adam | Updated on May 24, 2020
Peer-to-peer (P2P) protocols are a type of communication architecture where each and every participations of the member are nodes of the network, without the need for central coordination by servers or stable hosts. One of the cetral tenets of designing a cryptocurrency protocol is that the network has to be peer-to-peer, making the network anti-fragile and without a central point of failure. Other P2P network includes Webtorrents, TOR, Mesh Networks and others.

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Related Terms

Privacy Coins
Cryptocurrencies that are designed with transaction anonimity and user privacy in mind.
Mining Rig
A dedicated hardware to mine
Transactions per second (TPS)
It is number of transactions done per second. For example, there are 10 transactions of Bitcoin done in 1-minute. The TPS would be 10 transactions/60 seconds = ~0.17 TPS.
Proof of Work (PoW)
A consensus algorithm in which a block is validated via mathematical hashing
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