Byzantine Fault

CoinGecko | 更新日: 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.

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Related Terms

Permissioned Blockchain
It is a private blockchain where the nodes must be previously authorized by a central entity.
UTC Time
"Universal Time Coordinated", can be used interchangably with Greenwich Mean Time (GMT).
MicroBitcoin (uBTC)
One millionth of a bitcoin or 0.000001 of a bitcoin. Microbitcoin is the abbreviation of uBTC and often misunderstood as the fork of Bitcoin.
Peer to peer
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