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Definition
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
Categories
Cryptocurrencies
Related Terms
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Currency intervention occurs when one central bank or more buys (or sells) a currency in the foreign...
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A list of recorded, time-stamped transactions that is simultaneously broadcast, copied and verified via...
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Proof of Work (PoW) is an algorithm that rewards the first person that solves a computational problem...
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Decentralized means not controlled by any single entity or institution. Blockchain is an example of...
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The European Central Bank (ECB) is the central bank for Europe’s single currency, the euro. The ECB’s main...
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