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
- Access-to-Account (XSTA, XS2A)
- European Payments Initiative (EPI) Definition
- Flow Of Information Definition
- Algorithmic Banking/Algo Banking
- Central Banks Digital Currency (CBDC) Definition
