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The object of Byzantine fault tolerance is to be able to defend against failures, in which components of a system fail in arbitrary ways, i.e., not just by stopping or crashing but by processing requests incorrectly, corrupting their local state, and/or producing incorrect or inconsistent outputs. The Byzantine failure models real-world environments in which computers and networks may behave in unexpected ways due to hardware failures, network congestion and disconnection, as well as malicious attacks.Login/Register to get recommendations Continue reading
Systems like Ethereum (and Bitcoin, and NXT, and Bitshares, etc) are a fundamentally new class of cryptoeconomic organismsdecentralized, jurisdictionless entities that exist entirely in cyberspace, maintained by a combination of cryptography, economics and social consensus.Login/Register to get recommendations Continue reading