Peer to Peer
By bijok_adam | Updated on Aug 12, 2021
Peer-to-peer (P2P) protocols are a type of communication architecture where each and every participations of the member are nodes of the network, without the need for central coordination by servers or stable hosts. One of the cetral tenets of designing a cryptocurrency protocol is that the network has to be peer-to-peer, making the network anti-fragile and without a central point of failure. Other P2P network includes Webtorrents, TOR, Mesh Networks and others.
Related Terms
Mining Rig
A dedicated hardware to mine
Proof of Work (PoW)
A consensus algorithm in which a block is validated via mathematical hashing
Market capitalization (market cap)
In Crypto, market cap is measured by multiplication of the circulating supply of tokens or currency and its current price
Enterprise Ethereum Alliance (EEA)
Enterprise Ethereum Alliance is made up for a group of Ethereum developers, corporations as well as startups who are collaborating to find ways to use Ethereum for business applications.
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