Proof-of-Elapsed Time (PoET) Definition

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

• National Electronic Funds Transfer (NEFT) Definition
• Gossip Protocol Definition
• Algorithmization Definition
• Alternative Trading Platform (ATP)
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