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Byzantine Fork Meaning (What does Byzantine mean)

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What does Byzantine Fork mean? Translated: Ajian Bitcoin is a branch of block

Byzantine Fork Meaning (What does Byzantine mean)

What does Byzantine Fork mean?

Translated: Ajian

Bitcoin is a branch of blockchain, but its special algorithm design makes it impossible to achieve instantaneously. All nodes in the Bitcoin network have the same hash value (also called “mining”). When users mine Bitcoin using different hardware devices, they concentrate all computing power in one place and distribute it to others to produce it.

Therefore, everyone must verify the transactions in the blocks to confirm their validity and ensure that these transactions have not been compromised or altered. If someone successfully obtains enough computing power from the data point to generate new blocks, the money is considered lost. (Note: On June 17th, Bitcoin community members claimed to have suffered a major blow due to the discovery of a problem)

What does Byzantine mean?

Byzantine (ByzantineGeneral) is the latest development in blockchain. It is a distributed database based on “consensus mechanism.”

According to the definition in the Bitcoin whitepaper, “consensus mechanism” is a method and system for conducting transactions by encrypting a set of numbers and recording them on a ledger through mathematical algorithms. This computer technology is very similar to cryptography. The Bitcoin whitepaper mentions that “consensus protocol” can be used to ensure the security and stability of the entire system and allow anyone to verify if each node has correctly performed these tasks.

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