Proof-of-Elapsed Time (PoET)
Definition of what Proof-of-Elapsed Time (PoET) stands for (in finance):
A consensus algorithm that randomly assigns block creation rights to participants based on wait times.
More Term Definitions
- Net Present Value (NPV) Definition
- BlockDAG (Block Directed Acyclic Graph) Definition
- Automated Teller Machine (ATM) Definition
- Forging Definition
- Clearing And Settlement Mechanism (CSM) Definition
