Friends, Byzantine fault tolerance (BFT) is the resistance
of a fault-tolerant computer system, especially distributed computing systems, towards electronic
component failures where there is imperfect information on whether a component
is failed. In a "Byzantine failure", a component such as a server can inconsistently appear both functioning
and failed to failure-detection systems, presenting different expressions to
different observers. Perhaps nowhere is BFT more
essential than on a Blockchain. Most traditional distributed computing
environments have central configuration databases or authorities that can help
right wrongs in the event that Byzantine failures occur. Blockchain
applications, starting with Bitcoin’s Proof-of-Work consensus method, are today
proposing solutions to this challenge. Can BFT and/or dBFT help solve
this dilemma? Send us your comments. Lawrence, Cryptocurrency Academy (https://cryptocurrencyacademy.blogspot.com)
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