Byzantine fault

ANFS to Revolutionize Blockchain Space by Offering Faster Transfer Speed, Better User Experience, and A More Comprehensive Ecosystem

Retrieved on: 
Friday, December 24, 2021
Sequence, SEC, Verifiable random function, POW, Technology, Efficiency, POH, Industry, Decentralized finance, Decision-making, PBFT, Byzantine fault, Ecosystem, VRF, Autonomic Network Architecture, Cryptocurrency, Solana, Ethereum

The network was developed for development of DApp or Decentralized Applications at lower cost, while also offering faster transfer speed, better user experience, and a more comprehensive ecosystem

Key Points: 
  • ANFS is offering faster transfer speed, better user experience and a more comprehensive ecosystem.
  • Currently, smart chain technology, which has revolutionized the blockchain space, has also brought new utilities to the blockchain space.
  • Ethereum and Solana, two popular blockchain networks, extend of decentralized finance (DeFi) and developers can create smart contracts on both networks.
  • ANFS comes with a flexible blockchain sharding technology, which splits the networks into different shards for improved efficiency.

South Korea's largest cryptocurrency 'ICON' unveils a new novel consensus algorithm 'LFT2'

Retrieved on: 
Friday, April 10, 2020
Decentralization, Cryptography, Fault-tolerant computer systems, Computing, Cryptocurrencies, Articles, Blockchain, Consensus, Byzantine fault

Cryptocurrencies are powered by distributed systems that depend on consensus algorithms to verify all transactions in a trustless manner.

Key Points: 
  • Cryptocurrencies are powered by distributed systems that depend on consensus algorithms to verify all transactions in a trustless manner.
  • Various types of Practical Byzantine Fault Tolerance (PBFT) consensus have been popular amongst newer cryptocurrencies such as EOS (Pipelined) and Cosmos (Tendermint).
  • For LFT2, KAIST University team wrote, "We analyze a consensus algorithm called LFT2, which is used by a blockchain system, ICON.
  • Founded in August 2017, ICON is the largest and most well-known cryptocurrency project from South Korea.