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paxos
Paxos is a family of consensus algorithms used in distributed computing to achieve agreement on a single value among multiple unreliable or asynchronous nodes. It ensures that a group of computers can agree on a result even if some nodes fail or messages are lost. Paxos forms the foundation for many distributed systems requiring fault-tolerant coordination and consistency.
Paxos Accidentally Mints $300 Trillion in Stablecoins — Twice the World’s GDP
In a bizarre and short-lived technical incident, Paxos — PayPal’s official crypto partner and issuer of the PYUSD stablecoin — accidentally created nearly $300 trillion worth of tokens, briefly doubling the value of...
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