Crypto Terms:
Letter L
What is Liveness?
Meaning:
Liveness -
the guarantee that a system will continue providing data and will not be shut down by any centralized authority.
Let's find out Liveness meaning, definition in crypto, what is Liveness, and all other detailed facts.
In blockchain-based distributed systems, liveness is the guarantee that a protocol can exchange messages between the network nodes, allowing them to come to a consensus. Liveness acts as a reassurance that all network validators will reach a consensus regarding the block value.
Blockchain networks work on verifying the accuracy of the transaction history. The two key elements of determining the degree of correctness and the ordering of transactions are liveness and safety.
Liveness acts as the guarantee that the transaction information will continue to flow perpetually and will not be affected by any centralized authorities. One type of liveness is the termination of distributed computation. This acts as the guarantee that no two validators will reach a mismatched consensus and compute different values.
Safety is the guarantee that the system is honest and accurate. Bitcoin (BTC) relies on the Nakamoto Consensus, which is the Proof-of-Work algorithm used to validate transactions.
The Bitcoin blockchain network also uses the “longest chain wins” metric to ensure the accuracy of transaction history between the nodes. If the nodes are honest, the history and the expected history match.
The node acts as the copy of the distributed ledger and is operated by a participating entity on the blockchain network. Its value should in no way differ when compared to other network nodes.
If two nodes yield different values, it means that the blockchain has experienced a problem. In order to validate a new block, all nodes must reach a consensus on their data.
asset-backed tokens<\/strong><\/a> that are in different locations (without altering their other parameters) to change the physical location from which they can redeem these tokens. Asset-backed tokens are <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-digital-asset/">digital assets<\/strong><\/a> that are a claim to some real physical things whose properties (current storage location, qualities, and dimensions of a commodity) are described in tokens.<\/p>\n<p>The swap doesn’t change the physical thing, it only changes the holder of the claim. In a global market, a location swap makes sense since it can reduce shipping costs and <strong>minimize product shortages<\/strong>. <em>How?<\/em> By using the products that are already at the target location but their existing owner doesn't need them at the specific moment.<\/p>","definition":"swapping of two identical asset-backed tokens that are in different locations without changing their other parameters.","status":"published","meta_title":"What is Location Swap? Definition & Meaning | Crypto Wiki","meta_description":"Location Swap meaning: Location Swap - swapping of two identical asset-backed tokens that are in different locations without changing their other parameters.","meta_keywords":null}"
:prev-section="{"id":995,"wikipedia_url":"https:\/\/en.wikipedia.org\/wiki\/Listing_(finance)","level":"easy","author_id":1,"created_at":"2023-06-19T06:59:01.000000Z","updated_at":"2024-01-08T03:46:20.000000Z","slug":"what-is-listing","title":"What is Listing?","section":"L","keyword":"Listing","content":"<p>The process of \"listing\" an asset takes place when a certain <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-exchange/">exchange/strong>/a> offers a <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-pair/">trading pair<\/strong><\/a> for that asset. Considering traditional markets, listing signifies that shares of a company can be traded on that specific stock exchange.<\/p>\n<p>Overall, this implies that <strong>the listed company has met specific financial and regulatory requirements.<\/strong> Additionally, this means that the company is compliant with the exchange's degree of trust. Therefore, the listing process indicates that the company's shares meet the minimum quality requirements.<\/p>\n<p>When an asset is listed with <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//buy-ethereum-eth/">Ethereum (ETH)<\/strong><\/a> or any other main exchange pairing asset (e.g., <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//buy-bitcoin-btc/">BTC/strong>/a>), a project and its asset get the same level of trust as its trading pair. Besides, when an asset is listed, it's a sign that the connected trading pair has enough<strong> <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-liquidity/">liquidity/a>. <\/strong>Therefore, the pair is able to <strong>generate an proper price discovery.<\/strong><\/p>","definition":"a process that occurs when an exchange offers a trading pair for a specific asset.","status":"published","meta_title":"What is Listing? Definition & Meaning | Crypto Wiki","meta_description":"Listing meaning: Listing - a process that occurs when an exchange offers a trading pair for a specific asset.","meta_keywords":null}"
:model="{"id":479,"wikipedia_url":"https:\/\/en.wikipedia.org\/wiki\/Safety_and_liveness_properties#Liveness","level":"easy","author_id":1,"created_at":"2023-06-19T06:59:00.000000Z","updated_at":"2024-01-08T02:26:12.000000Z","slug":"what-is-liveness","title":"What is Liveness?","section":"L","keyword":"Liveness","content":"<p>In <strong>blockchain-based distributed systems<\/strong>, liveness is the guarantee that a <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-protocol/">protocol/strong>/a> can exchange messages between the network <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-node/">nodes/strong>/a>, allowing them to come to a <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-consensus/">consensus/strong>/a>. Liveness acts as a reassurance that all network <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-validator/">validators/strong>/a> will reach a consensus regarding the <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-block/">block/strong>/a> value.<\/p>\n<p>Blockchain networks work on verifying the accuracy of the transaction history. The two key elements of determining the degree of correctness and the ordering of transactions are liveness and safety.<\/p>\n<p>Liveness acts as the <strong>guarantee that the transaction information will continue to flow perpetually and will not be affected by any centralized authorities<\/strong>. One type of liveness is the termination of distributed computation. This acts as the guarantee that no two validators will reach a mismatched consensus and compute different values.<\/p>\n<p>Safety is the guarantee that the system is honest and accurate. <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//buy-bitcoin-btc/">Bitcoin (BTC)<\/strong><\/a> relies on the Nakamoto Consensus, which is the <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-proof-of-work-pow/">Proof-of-Work algorithm<\/strong><\/strong><\/a> used to validate transactions.<\/p>\n<p>The Bitcoin blockchain network also uses the “longest chain wins” metric to ensure the accuracy of transaction history between the nodes. If the nodes are honest, the history and the expected history match.<\/p>\n<p>The node acts as the copy of the<a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-distributed-ledger/"> distributed ledger<\/strong><\/a> and is operated by a participating entity on the blockchain network. Its value should in no way differ when compared to other network nodes.<\/p>\n<p>If two nodes yield different values, it means that the blockchain has experienced a problem. In order to validate a new block, all nodes must reach a consensus on their data.<\/p>","definition":"the guarantee that a system will continue providing data and will not be shut down by any centralized authority.","status":"published","meta_title":"What is Liveness? Definition & Meaning | Crypto Wiki","meta_description":"Liveness meaning: Liveness - the guarantee that a system will continue providing data and will not be shut down by any centralized authority.","meta_keywords":null,"author":{"id":1,"user_id":1,"created_at":"2023-05-03T14:30:55.000000Z","updated_at":"2023-05-11T07:18:20.000000Z","title":"Editor-In-Chief","slug":"aaron-s-editor-in-chief","description":"<p>Having completed a Master’s degree on Economics, Politics & Culture for the East Asia region, Aaron has written scientific papers with a comparative analysis of the differences between US’ Western and Japan’s Collective forms of capitalism, 1945-2020.<\/p>\n<p>With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.<\/p>\n<p>Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.<\/p>\n<p>Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.<\/p>","user":{"id":1,"first_name":"Aaron","last_name":"S.","email":"aaron@bitdegree.org","email_sanitized":"aaron@bitdegree.org","email_verified_at":"2023-12-01T09:40:20.000000Z","must_verify_email":false,"is_registered_with_wallet":false,"status":"active","country":"LT","last_connected_ip":"88.119.132.125","image_id":2641,"referral_token":"05TMu2NysXOCn525","referred_by":null,"created_at":"2023-05-03T14:30:55.000000Z","updated_at":"2024-01-09T15:22:21.000000Z","full_name":"Aaron S."}}}"
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current-chapter="L"
current-section="what-is-liveness">