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Author Topic: Can anyone tell me the difference of Consensus Protocol  (Read 227 times)
Laland (OP)
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February 02, 2018, 09:55:12 AM
Merited by achow101 (1)
 #1

Can anyone help me understand what is the difference between POS and BFT. Are they the same thing?
and why some public-chain claims that they do not mine ?
Also, some articles say that pBFT is not available for public chain. How about dBFT?

Anyway, I was confused by the consensus protocols and can't understand why some so-called public chain does not mine.
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nitrousteam
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February 02, 2018, 11:24:11 AM
Last edit: February 02, 2018, 11:42:59 AM by nitrousteam
Merited by achow101 (1)
 #2

Can anyone help me understand what is the difference between POS and BFT. Are they the same thing?

Links below will provide you some useful information about the Consensus Protocol:

https://blog.cosmos.network/consensus-compare-tendermint-bft-vs-eos-dpos-46c5bca7204b

https://medium.com/@chrshmmmr/consensus-in-blockchain-systems-in-short-691fc7d1fefe

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and why some public-chain claims that they do not mine ?


POS offers a linear scale regarding the percentage of blocks a miner could confirm since it’s based on that person’s stake in the cryptocurrency. That means someone with ten times more coins (e.g. - $10,000 vs. $1,000) would only mine ten times more blocks.


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Also, some articles say that pBFT is not available for public chain. How about dBFT?

On a dBFT blockchain, the consensus has to be achieved among the specialized bookkeeping nodes only as most Bitcoin users do not operate miners.

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Laland (OP)
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February 21, 2018, 06:08:38 AM
 #3

Can anyone help me understand what is the difference between POS and BFT. Are they the same thing?

Links below will provide you some useful information about the Consensus Protocol:

https://blog.cosmos.network/consensus-compare-tendermint-bft-vs-eos-dpos-46c5bca7204b

https://medium.com/@chrshmmmr/consensus-in-blockchain-systems-in-short-691fc7d1fefe

Quote
and why some public-chain claims that they do not mine ?


POS offers a linear scale regarding the percentage of blocks a miner could confirm since it’s based on that person’s stake in the cryptocurrency. That means someone with ten times more coins (e.g. - $10,000 vs. $1,000) would only mine ten times more blocks.


Quote
Also, some articles say that pBFT is not available for public chain. How about dBFT?

On a dBFT blockchain, the consensus has to be achieved among the specialized bookkeeping nodes only as most Bitcoin users do not operate miners.

Thanks a lot! I understnad now
DispatchLabs
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February 21, 2018, 06:47:56 AM
 #4

Here is a link to a small repost that explains many of the consensus algorithms if you need any additional information. 

https://bitcointalk.org/index.php?topic=2945150.msg30245922#msg30245922

Hope it helps.

Dispatch Labs is a Distributed Ledger Technology Platform for Dapp Developers that is truly scalable, insanely fast with no transaction fees.
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