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  3. Commitment scheme - Wikipedia

    en.wikipedia.org/wiki/Commitment_scheme

    One particular motivating example is the use of commitment schemes in zero-knowledge proofs.Commitments are used in zero-knowledge proofs for two main purposes: first, to allow the prover to participate in "cut and choose" proofs where the verifier will be presented with a choice of what to learn, and the prover will reveal only what corresponds to the verifier's choice.

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  5. Checking whether a coin is fair - Wikipedia

    en.wikipedia.org/wiki/Checking_whether_a_coin_is...

    is small when compared with the alternative hypothesis (a biased coin). However, it is not small enough to cause us to believe that the coin has a significant bias. This probability is slightly higher than our presupposition of the probability that the coin was fair corresponding to the uniform prior distribution, which was 10%. Using a prior ...

  6. Fair coin - Wikipedia

    en.wikipedia.org/wiki/Fair_coin

    A fair coin, when tossed, should have an equal chance of landing either side up. In probability theory and statistics, a sequence of independent Bernoulli trials with probability 1/2 of success on each trial is metaphorically called a fair coin. One for which the probability is not 1/2 is called a biased or unfair coin.

  7. Bitcoin - Wikipedia

    en.wikipedia.org/wiki/Bitcoin

    XBT, a code that conforms to ISO 4217 though not officially part of it, [63] is used by Bloomberg L.P. [64] No uniform capitalization convention exists; some sources use Bitcoin , capitalized, to refer to the technology and network , and bitcoin , lowercase, for the unit of account. [ 65 ]

  8. Coin flipping - Wikipedia

    en.wikipedia.org/wiki/Coin_flipping

    Tossing a coin. Coin flipping, coin tossing, or heads or tails is the practice of throwing a coin in the air and checking which side is showing when it lands, in order to randomly choose between two alternatives. It is a form of sortition which inherently has two possible outcomes. The party who calls the side that is facing up when the coin ...