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To collaborate on a shared purpose, all nodes on a network must agree on a <strong>\"single source of truth.\"</strong></p>\n<p>The &ldquo;single source of truth&rdquo; means that they require to be sure that the data they are receiving is accurate, even in the scenario where several other nodes on the network break down.</p>\n<p>The bulk of distributed consensus techniques has the same basic features. For starters, they are centered on a stake, which refers to a few stores of value that a candidate is putting up, such as particular currencies or computer capacity.&nbsp;</p>\n<p><strong>They also include a reward for validating, or mining, a block, which is often in the shape of a coin unique to the blockchain in the discussion.</strong></p>\n<p>Proof-of-work is fundamental for blockchain-based <strong>consensus</strong> and keeps the foundation of the Bitcoin blockchain, on which new blocks are being mined. Nonetheless, a few additional consensus mechanisms exist and are being utilized on different blockchain projects.</p>\n<p>These projects include <strong><a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-proof-of-stake-pos/">proof-of-stake, which is now getting more and more widely adopted.</p>\n<p>Each node in the network, or participant in the Bitcoin blockchain, for example, must have an exact duplicate of the ledger as well as a consensus that the edition of the ledger maintained by each node is correct. <strong>Blockchain initiatives use distributed consensus techniques to do this.</strong></p>\n<p>As envisioned and created by <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/who-is-satoshi-nakamoto/">Satoshi Nakamoto</strong></a>, the inventor of <strong><a href=https://www.bitdegree.org/"/crypto/buy-bitcoin-btc/">Bitcoin, consensus, and collaboration on the Bitcoin blockchain are accomplished by <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-proof-of-work-pow/">proof-of-work. Proof-of-stake and <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-delegated-proof-of-stake/">delegated proof-of-stake</strong></a> are two further consensus methods.</p>","level":"easy","meta_title":"What is Distributed Consensus? Definition & Meaning | Crypto Wiki","meta_description":"Distributed Consensus meaning: Distributed Consensus - is a group agreement that is completed by nodes in a particular network.","meta_keywords":null,"language":"en","created_at":"2022-03-08T07:23:36.000000Z","updated_at":"2022-05-13T14:32:23.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-distributed-consensus"},"prevSection":{"id":280,"original_id":null,"author_id":40,"translator_id":null,"title":"What is Directed Acyclic Graph (DAG)?","slug":"what-is-directed-acyclic-graph-dag","section":"D","keyword":"Directed Acyclic Graph (DAG)","status":"published","definition":"a directed graph with no directed cycles, vertices, and edges.","content":"<p>A directed acyclic graph is utilized as a consensus tool and for data modeling. Besides, different from blockchain, there are no blocks. <strong>Instead, all of the transactions are documented as vertices on top of each other.</strong></p>\n<p>Transactions are transmitted to the DAG by nodes in the same way that they are sent to a blockchain. In order to submit a transaction, a node must complete a <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-proof-of-work-pow/">Proof-of-Work assignment.</p>\n<p>DAGs have a lot of benefits. One of which is <strong>high transaction speed</strong> because processing is not managed by block creation. In addition, there are no miners so there are <strong>no transaction fees</strong>. This greatly benefits the environment as well.</p>\n<p>It does, however, have certain disadvantages. One difference between them and blockchains is that they are <strong>not totally decentralized</strong>. Furthermore, the use of DAGs in cryptocurrency contexts remains in its development.</p>\n<p>These two main disadvantages showcase that DAGs are currently utilized as a way to get a network started, and not as a structure that creates a balanced and permanent network.</p>\n<p>Each new transaction in a DAG must link past transactions in order to be allowed onto the network, analogous to how blocks on a blockchain include connections to earlier blocks.&nbsp;</p>\n<p>A transaction is verified when it is addressed by another transaction. To be verified, that transaction must be referenced by another transaction, and this goes on continuously.</p>\n<p>Miners on the <strong><a href=https://www.bitdegree.org/"/crypto/buy-ethereum-eth/">Ethereum </strong>and<strong> <a href=https://www.bitdegree.org/"/crypto/buy-bitcoin-btc/">Bitcoin </strong>networks may only create one block at a time. As a result, future transactions can only be permitted once the prior one has been completed. <strong>The DAG approach removes these blocks and immediately adds transactions to the blockchain</strong>.</p>\n<p>Additionally, an algorithm determines the tip on which a new transaction will be created. Those that contain more confirmations are more likely to be chosen.</p>","level":"easy","meta_title":"What is Directed Acyclic Graph (DAG)? Definition & Meaning | Crypto Wiki","meta_description":"Directed Acyclic Graph (DAG) meaning: Directed Acyclic Graph (DAG) - A directed acyclic graph is a directed graph with no directed cycles and vertices and edges.","meta_keywords":null,"language":"en","created_at":"2022-03-08T07:09:52.000000Z","updated_at":"2023-02-09T13:51:58.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-directed-acyclic-graph-dag"},"currentChapter":"D","currentSection":"what-is-discord","chapterTitle":"D","readingLevel":"medium"},"url":"/crypto/learn/crypto-terms/what-is-discord","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0">
Crypto Terms: Letter D

What is Discord?

Discord MEANING:
Discord - is a web-based communication platform or application that was developed for games to communicate with one another.
Medium
2 minutes

Let's find out Discord meaning, definition in crypto, what is Discord, and all other detailed facts.

Nowadays, especially in the gaming industry, Discord is a very widely known tool.

It was created in 2015, and its sole purpose was to benefit the gaming community by allowing players to engage easily through a simple route to meet gamers' community-building requirements. Indeed, its creators have long been active in the video gaming business and created Discord to deliver an improved communication platform for gamers.

A server on Discord can be created by anyone for any community. The creators can also invite others to join and connect with them. Inside that server, there can also be several channels for particular matters.

Nevertheless, the model is now different. Discord can now be used by anyone and is not limited to gamers only. It has grown to a tool for all types of individuals seeking to create a community to engage with others.

Is it Secure?

Discord couldn’t be described as the safest platform on the internet. That is because it doesn’t contain end-to-end encryption. The data users post goes across their servers that can easily be obtained by third parties.

Users can enter Discord directly from the website and utilize it inside their browser. It’s accessible in the shape of applications for macOS, iOS, Windows, or Linux.

Others believe that Discord is completely safe as long as you don’t click any malicious links and follow the rules of the servers.

Discord Had Skyrocketed in Popularity

Approximately 140 million active users were registered by the end of 2020, on Discord. One of the primary causes is the huge need for social media and interactive tools during the Covid-19 pandemic. However, the surge in content development has helped the most to its sudden success.

Discord was lately frequently used by members of the crypto community. It has grown in prominence in the crypto and blockchain areas since many groups have built communities on its servers.

Discord has always been quite essential in the gaming sector, which is one of the key reasons for the app's quick rise during the epidemic. Because people had more spare time, they began to engage in e-gaming, and many began broadcasting their games online.

Discord allows online streamers to answer calls from guests while engaging in online streaming. Besides, gamers can get in touch using the application and even play multiplayer games together.

It also provides a lot of other characteristics that allow users to employ several features. One of which could be listening to Spotify playlists together with other people. There are also bots that can be set to complete a few of the automated tasks.