Blockchain-Terminologies

நம்Chain - Open Initiative Research Lab

Blockchain-Terminologies - F

• Fault Tolerant is the ability of the computer and network to operate uninterrupted in the event of the failure of some of its components.

• Full Node is a type of node, a program that maintains the entire blockchain ledger on the device and helps the network by validating transactions and blocks, also relay them to other full nodes.

• Forking happens when the Blockchain protocol is modified either in a backward-compatible manner (Soft fork) or non backward-compatible manner (Hard fork), or when two miners add a new block at the same block height.

• Faucet is a service that transfers smaller units of cryptocurrency to the requested address in Testnet for development and testing purpose.

• Finney is the sub-unit of ether, named after Hal Finney, a computer scientist & cryptographer and received the first Bitcoin transaction. One finney is 10^ -3 ETH (milliether).

• Fungible Tokens are digital assets which are identical, divisible and fully exchangable with each other.