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Convex Optimization

Definition

Convex optimization is a mathematical technique used to find the best solution for a problem where the objective function and constraint set possess specific geometric properties. In the context of digital assets and blockchain, this method is applied to design efficient algorithms for resource allocation, network routing, and cryptographic processes. It ensures that any local optimum found is also the global optimum, simplifying complex computational challenges. This approach is fundamental to many decentralized system designs.