Proof of Stake
A consensus mechanism in which participants’; influence or voting power is based on the number of cryptocurrency tokens they hold or “stake” in the network.
Proof of Work
A consensus mechanism in which participants must solve complex computational puzzles to validate transactions or changes in a blockchain network.
Protocol
A set of rules that dictate how components will communicate with each other to navigate across network boundaries in a component-based system.
Prototype
A physical representation used to illustrate and verify aspects of a conceptual design as part of the development process for a new product or technology. Essentially, it brings an idea into being. A prototype can be anything from a simple, hand-made model to a highly detailed, fully operational representation of how an intricate design concept...
Prototyping
The process of creating a working model or prototype of a product or software application to test and validate its functionality and design.
Prototyping Methodology
A software development process which allows developers to create portions of the solution to demonstrate functionality and make needed refinements before developing the final solution.
Pseudonymization
The process of replacing personally identifiable information (PII) with pseudonyms or aliases to protect individual privacy.
Public-Key Cryptography
A cryptographic system that uses a pair of keys (public and private) to enable secure encryption, decryption, and digital signatures.
Quantum bit
Basic unit of information in quantum computing.
Quantum computing
Multidisciplinary field focused on the application of theoretical quantum physics (mechanics) to leverage the unique behavior of qubits and deliver unprecedented processing capabilities.