Practical Byzantine Fault Tolerance (PBFT)
Definition of what Practical Byzantine Fault Tolerance (PBFT) stands for (in finance):
A consensus algorithm used in blockchain networks to achieve agreement among nodes despite the presence of malicious actors.
More Term Definitions
- Software-Defined Networking (SDN) Definition
- Straight Through Processing (STP) Definition
- Delegated Proof-of-Stake (DPoS) Definition
- Bitcoin Improvement Proposal (BIP) Definition
- Sourcing Definition
