Knowledge Notes | Byzantine Fault Tolerance
① Bitcoin’s proof of work uses competition over computing power to determine who creates the next block, keeping the ledger consistent as long as the honest participants control the majority of computing power.
② Byzantine fault tolerance (BFT) means a system can continue operating normally and remain consistent even when some nodes fail or deliberately lie.
③ When assessing a blockchain’s security, pay attention to the number of validators and whether voting power is overly concentrated in the hands of a few nodes.
$ATOM 1.745（-0.91%）
① Bitcoin’s proof of work uses competition over computing power to determine who creates the next block, keeping the ledger consistent as long as the honest participants control the majority of computing power.
② Byzantine fault tolerance (BFT) means a system can continue operating normally and remain consistent even when some nodes fail or deliberately lie.
③ When assessing a blockchain’s security, pay attention to the number of validators and whether voting power is overly concentrated in the hands of a few nodes.
$ATOM 1.745（-0.91%）