Buddy Consensus-Form a global consensus
1
Last time we talked about
the one and only Hyper Block structure
And the algorithm for the hyper block
In the parallel system
Is also just so special
2
The one who invented the parallel blockchain
Also developed
The completely decentralized, the patented
Buddy Consensus
Which suites parallel blockchain system like no others
3
PoW, PoS and other classical algorithms
all involve competition
to select the final ledger writer
PoW competes computing power, and PoS competes stakes
PBFT is no better
It’s permissioned fault tolerance
Leaving outsiders no chance to have a say
4
Parallel system
All-inclusive, massive data
If you really rely on competition to finally decide a ledger writing right
That’s crazy
So, new approach is needed for parallel blockchain consensus
5
So many businesses in a parallel system
Why bother to put together
As long as the relevant business can reach local consensus
Then they can be put into collection
To form the global consensus
This will work for a large scale parallel blockchain.
6
Buddy consensus adopted this logic
Indicated by the name
Buddy consensus is all bout
Making friends
Which totally contrasts with how sequential chain reach consensus
The one who wins gets the right to write history!
7
Buddy algorithm, on the other hand
Is to form mutual consensus
Among business-related nodes partner
Then get the greatest common divisor of the recognition
That becomes the global consensus
In the phase of hyper block
8
This guarantees
Parallel business improves consensus efficiency
Permissionless participation and parallel block production for nodes ;
Node status equivalence
Avoid privileged nodes and waste of computing power
Complete decentralization
Suitable for parallel systems
9
For more details,
Check out the white paper at
I will see you in the next time!
The original link:http://www.paralism.com/blog/buddy-consensus-form-a-global-consensus/
Web:
White Paper: