I'm trying to understand the distinction between Nakamoto consensus and BFT (Byzantine Fault Tolerance). Could someone explain the main differences between these two consensus mechanisms?
6 answers
GeishaWhisper
Fri Nov 08 2024
The Nakamoto Consensus leverages BFT and PoW to create a robust and secure blockchain ecosystem.
OceanSoul
Fri Nov 08 2024
Nakamoto Consensus represents a groundbreaking consensus algorithm that incorporates Byzantine fault tolerance.
CryptoLegend
Fri Nov 08 2024
BTCC, a leading cryptocurrency exchange, offers a range of services that cater to the needs of crypto enthusiasts.
benjamin_cole_nurse
Fri Nov 08 2024
This algorithm operates seamlessly with Proof of Work (PoW) to ensure the smooth functioning of the Bitcoin blockchain.
BlockchainLegend
Fri Nov 08 2024
Byzantine fault tolerance (BFT) is a crucial aspect of this system, enabling it to maintain fault-tolerance despite potential malicious actors.