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
- Venture Client Definition
- Initial Exchange Offering (IEO) Definition
- Video ID Procedure Definition
- Late Stage Financing Definition
- Litecoin Definition