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Bid

Bid is the highest price a buyer will pay for an asset at any given time. When you place a bid, you offer to buy the asset at that price, and if a seller agrees to that price, the transaction occurs.

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Byzantine Generals Problem

The Byzantine Generals Problem is a theoretical scenario in distributed computing that illustrates the challenges of achieving unanimous agreement among members of a group when some members cannot be trusted or their messages cannot be verified. It is named after a hypothetical situation where a group of Byzantine generals must coordinate their attack or retreat, but some may act dishonestly or fail to communicate reliably.

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Byzantine Fault Tolerance (BFT)

Byzantine Fault Tolerance (BFT) is a feature in computer systems, particularly distributed systems and blockchains, that enables them to reach consensus and continue functioning correctly even if some of their components fail or act maliciously. It ensures that the system can handle Byzantine faults, where nodes provide conflicting or unreliable information.

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