Daily General Discussion - June 24, 2017

Delegated Byzantine Fault Tolerance (dBFT) Antshares, a decentralized smart contract platform, employs Delegated Byzantine Fault Tolerance (dBFT). It features two blockchain participants: professional node operators, called bookkeeping nodes, who run nodes to make money, and users. Proponents claim dBTF offers better security in blockchains.

dBFT’s on-chain voting process dynamically votes in/out transaction validators and allows for universal consensus mechanism on public/permissionless and private/permissioned blockchains.

“Specialized bookkeeping nodes” achieve consensus in a dBFT blockchain thanks to “delegated voting.” Two-thirds approval is needed among nodes to approve a new version of the blockchain. This system, proponents say, protects against forking events, radical changes to the implementation of a blockchain system that can undermine participant confidence.

“After investigating and studying the crypto-industry and blockchain technologies for several years, we came to the conclusion that the delegated Byzantine Fault Tolerance alternative (or dBFT) is best suited for such a system,” Erik Iz, co-founder and core developer at Antshares, stated. “It provides swift transaction verification times, de-incentivises most attack vectors and upholds a single blockchain version with no risk of forks or alternative blockchain records emerging – regardless of how much computing power, or coins an attacker possesses.”

ETH is 15 TPS by the way, oh but fine they have a bunch of plugins and addons that might help a little.. don't believe the hype..

/r/ethtrader Thread Parent