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Crypto Education - Federated Byzantine Agreement Explained | Animation | Cryptomatics
In this video, we will explain what the Federated Byzantine Agreement is and how it works. We will also briefly cover its pros and cons.
There are several ways to build a Byzantine-tolerant blockchain, and they are related to the different types of consensus algorithms. The traditional Byzantine agreement is reached when a certain minimum number of nodes, known as a quorum, agree on the solution to a given problem.
While such a consensus is fast and efficient, it sacrifices decentralization to achieve these characteristics as membership in Byzantine agreement systems is set by a central authority.
Here is where the Federated Byzantine Agreement (FBA) comes in, which is a decentralized alternative to BFT. In FBA, there is no such list chosen by a central authority. The nodes (validators) choose the other validators they trust, and their list of trusted nodes is known as their quorum slice. In such a system, there will be several quorum slices that will overlap and thus form a quorum, which is the number of nodes required to reach an agreement within the system.
If you enjoyed this video, hit the Like and Subscribe buttons so you'll know when we come up with new episodes!
~~~~~~~~~~~~~~~~~~~~~~~~~~~
?CryptoRobin ? https://www.youtube.com/channel/UC3WPi0MJYfDcETCDY8m2LGg/videos
~~~~~~~~~~~~~~~~~~~~~~~~~~~
- CHAPTERS –
0:00 Intro
0:24 Understanding Byzantine Agreement
2:18 What Is FBA and How Does It Work?
3:42 Pros and Cons of FBA
4:30 Conclusions
4:58 Outro
~~~~~~~~~~~~~~~~~~~~~~~~~~~
⛓️ ? Useful Links ?⛓️
►https://towardsdatascience.com/federated-byzantine-agreement-24ec57bf36e0
►https://www.nimble-project.org/wp-content/uploads/2018/06/cryblock18-FINAL-peper.pdf
►https://upcommons.upc.edu/bitstream/handle/2117/176420/Aspasia.Zoi.pdf?sequence=4&isAllowed=y
►https://www.scs.stanford.edu/~dm/blog/simplified-scp.html
~~~~~~~~~~~~~~~~~~~~~~~~~~~
#FederatedByzantineAgreement #XRP #Animation #Cryptomatics #Blockchain #Crypto #CryptoEducation
...
https://www.youtube.com/watch?v=UWB_eNLcR9k
There are several ways to build a Byzantine-tolerant blockchain, and they are related to the different types of consensus algorithms. The traditional Byzantine agreement is reached when a certain minimum number of nodes, known as a quorum, agree on the solution to a given problem.
While such a consensus is fast and efficient, it sacrifices decentralization to achieve these characteristics as membership in Byzantine agreement systems is set by a central authority.
Here is where the Federated Byzantine Agreement (FBA) comes in, which is a decentralized alternative to BFT. In FBA, there is no such list chosen by a central authority. The nodes (validators) choose the other validators they trust, and their list of trusted nodes is known as their quorum slice. In such a system, there will be several quorum slices that will overlap and thus form a quorum, which is the number of nodes required to reach an agreement within the system.
If you enjoyed this video, hit the Like and Subscribe buttons so you'll know when we come up with new episodes!
~~~~~~~~~~~~~~~~~~~~~~~~~~~
?CryptoRobin ? https://www.youtube.com/channel/UC3WPi0MJYfDcETCDY8m2LGg/videos
~~~~~~~~~~~~~~~~~~~~~~~~~~~
- CHAPTERS –
0:00 Intro
0:24 Understanding Byzantine Agreement
2:18 What Is FBA and How Does It Work?
3:42 Pros and Cons of FBA
4:30 Conclusions
4:58 Outro
~~~~~~~~~~~~~~~~~~~~~~~~~~~
⛓️ ? Useful Links ?⛓️
►https://towardsdatascience.com/federated-byzantine-agreement-24ec57bf36e0
►https://www.nimble-project.org/wp-content/uploads/2018/06/cryblock18-FINAL-peper.pdf
►https://upcommons.upc.edu/bitstream/handle/2117/176420/Aspasia.Zoi.pdf?sequence=4&isAllowed=y
►https://www.scs.stanford.edu/~dm/blog/simplified-scp.html
~~~~~~~~~~~~~~~~~~~~~~~~~~~
#FederatedByzantineAgreement #XRP #Animation #Cryptomatics #Blockchain #Crypto #CryptoEducation
...
https://www.youtube.com/watch?v=UWB_eNLcR9k
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