Blockchain Consensus Overview
Blockchain Consensus Overview
Consensus Problem:
In distributed systems, consensus ensures all non-faulty nodes agree on a single data value, even
Randomized algorithms such as Ben-Ors protocol can solve it with high probability.
- Validity: if all honest nodes propose the same value, that value is decided.
3. Nakamoto Consensus
- Uses Proof of Work (PoW) for Sybil resistance and probabilistic consensus.
RLA Model:
Benefits:
8. Formal Properties