PBFT

WiMi Announced Weighted PBFT to Improve Blockchain Cross-Chain Consensus Algorithm and Enhance Security and Stability of Blockchain System

Retrieved on: 
Monday, February 12, 2024
Cloud, PBFT, Augmented reality, Blockchain, Holography, Communication, WIMI, Cryptocurrency

The weighted PBFT algorithm is an improved algorithm based on the practical byzantine fault tolerance (PBFT) algorithm, which is made more flexible and efficient by introducing weights.

Key Points: 
  • The weighted PBFT algorithm is an improved algorithm based on the practical byzantine fault tolerance (PBFT) algorithm, which is made more flexible and efficient by introducing weights.
  • In the weighted PBFT algorithm, each node is given a weight value which reflects the importance and capability of the node.
  • The weighted PBFT algorithm is an efficient consensus algorithm designed to increase throughput, reduce latency and enhance fault-tolerant performance.
  • The application of the weighted PBFT algorithm will further promote the development of blockchain technology and improve the performance and reliability of blockchain.

WiMi is Working on a New Mixed Byzantine Fault Tolerant (MBFT) Algorithm to Enhance Blockchain Fault Tolerance

Retrieved on: 
Tuesday, January 16, 2024
Cloud, Holography, Privacy, BFT, PBFT, Employment, VRF, TPS, Algorithm, Communication, Blockchain, Augmented reality, WIMI, Cryptocurrency

Beijing, Jan. 16, 2024 (GLOBE NEWSWIRE) -- WiMi Hologram Cloud Inc. (NASDAQ: WIMI) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced that it is working on a novel mixed byzantine fault tolerance (MBFT).

Key Points: 
  • Beijing, Jan. 16, 2024 (GLOBE NEWSWIRE) -- WiMi Hologram Cloud Inc. (NASDAQ: WIMI) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced that it is working on a novel mixed byzantine fault tolerance (MBFT).
  • MBFT has its origins in the PBFT algorithm, the first consensus algorithm used in the Union Blockchain, but in many ways, MBFT has improved and innovated.
  • In addition, MBFT introduces a random node selection mechanism and a credit mechanism to further enhance its security and fault tolerance.
  • MBFT algorithm can reduce blockchain forks while ensuring high fault tolerance and speed.

Protocon unveils a tech option to improve security & performance in connection with heterogeneous blockchain bridges

Retrieved on: 
Friday, May 20, 2022
Solution, Bus contracting model of Singapore, PBFT, Foxing, Efficiency, Time, Blockchain, Leadership, Technology, Safety, Cryptocurrency, Ethereum

SEOUL, South Korea, May 20, 2022 /PRNewswire/ -- Protocon, the next rival to Ethereum, unveiled a new blockchain data structure that drastically improves the security and performance of cross-chains or bridge technologies linking heterogeneous blockchains.

Key Points: 
  • SEOUL, South Korea, May 20, 2022 /PRNewswire/ -- Protocon, the next rival to Ethereum, unveiled a new blockchain data structure that drastically improves the security and performance of cross-chains or bridge technologies linking heterogeneous blockchains.
  • "This data structure prevents wormhole attacks, which happened to Solana's Ethereum bridge this February," said MyungSan Jun, Leader of Protocon.
  • The Yellow Paper Part 1 released a while ago unveiled the 'Contract Model' technology that could replace Ethereum-style smart contracts.
  • Yellow Paper Part 3 will introduce the PBFT-based decentralized network technology adopted by Protocon.

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.

ANFS's High Performance Blockchain Consensus HPOS Launched To Increase Operational Efficiency and Scalability of Blockchain Networks

Retrieved on: 
Monday, November 8, 2021
Bitcoin, Gus, POH, SV, SG, SVS, Technology, Verifiable random function, Decision-making, VRF, SGS, Internet, P2P, Blockchain, Communication, POW, PBFT, Attention, Cryptocurrency

The optimization of consensus algorithms as a grip to improve the operational efficiency and scalability of blockchain systems has become an important direction of concern for industry and academia.

Key Points: 
  • However, in the process of further promoting the application scenarios of blockchain technology to the ground, the shortcomings of blockchain technology in terms of operational efficiency and scalability are also increasingly highlighted," said a developer.
  • "HPOS or Hybrid Proof of Sequence, which is based on sharding technology and incorporates the core idea of POH consensus mechanism.
  • Among them, the consensus nodes of each shard jointly form the network-wide consensus committee.
  • In the HPOS consensus mechanism, the participating nodes are divided into general user nodes, shard sequence generation nodes, and shard sequence verification nodes.