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
Initial Coin Offering (ICO)
Initial Coin Offering (ICO) is the equivalent of Initial Public Offering (IPO), where a company/cryptocurrency venture raises funds through crowd sales.
Block Confirmation
Refers to the number of confirmation a particular block has. Each block ahead of the referenced block adds one block confirmation to it.
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Cryptotrading without Due Diligence and research - basically gambling
Open Source
Open-source software is a type of software released under a license in which the copyright holder grants users the rights to study, change, and distribute the software to anyone and for any purpose.
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