Here is a link to a small repost that explains many of the consensus algorithms if you need any additional information.
https://bitcointalksearch.org/topic/m.30245922
Hope it helps.
Topic: Can anyone tell me the difference of Consensus Protocol (Read 263 times)
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.
Thanks a lot! I understnad now
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.
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.
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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