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Jay JH Park
Jay JH Park

Jay JH Park

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From Musings on Blockchain Scalability Solutions, Consensus Mechanisms, and Code Robustness — Part 2 by Brian Koralewski

Hashgraph (backed by Dallas-based company Swirlds )has released an innovative brand new method for consensus within decentralized networks that are ABFT which utilizes a “Gossip” feature for fast data-transfer amongst nodes. It is arguably more efficient than PoW (see here https://www.youtube.com/watch?time_continue=1109&v…

From Musings on Blockchain Scalability Solutions, Consensus Mechanisms, and Code Robustness — Part 2 by Brian Koralewski

Protocols that boast ABFT include Stellar — specifically their “ Federated Byzantine Agreement” which utilizes so-called quorums and quorum s…

From Musings on Blockchain Scalability Solutions, Consensus Mechanisms, and Code Robustness — Part 2 by Brian Koralewski

…k variables involved (such as internet speed/throughput). Rather than imposing “work” or a “stake”, consensus in ABFT involves messages that are passed within the network to nodes — each node must then exert slight compute power to retrieve the message’s contents before passing it on. Then all nodes (at a minimum 2k+1 nodes with “k” denoting the number of potential bad actors/Byzantine faults) convene to agree on what information was transmitted, thus achieving consensus.

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Let’s Luniverse!

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