the chain-based proof of stake consensus model.

Checksum

The value computed on data to detect error or manipulation is the

checksum.

Confirmed

It is the state of a transaction or block when consensus has been reached

about its status of inclusion into the blockchain.

Conflict

When one or more participants disagree on the state of the system, a

conflict is said to have occurred.

Conflict resolution

A predefined method for coming to a consensus on the state of the system is

conflict resolution. When a portion of the system participant’s claim there is

State_ A, and the rest of the participants claim there is State_ B, a conflict

occurs, for example. This conflict is resolved automatically by choosing the

“valid” state as being the one from whichever group adds the next block of

data. The transactions “lost” by the state not chosen are added back into the

pending transaction pool.

Consensus model

It is the process to achieve an agreement within a distributed system on the

valid state. It is also known as a consensus algorithm, consensus

mechanism, or consensus method.

Cryptocurrency

It is cryptographically sent from one blockchain network user to another

and is a digital asset credit, or unit within the system. The publishing node

includes a transaction sending the newly created cryptocurrency to one or

more blockchain network users in the case of cryptocurrency creation (such

as the reward for mining).

By using digital signatures with asymmetric-key pairs, these assets are

transferred from one user to another.