Blockchain Consensus Protocols: Understanding How They Work
Federated Byzantine Agreement (FBA) is a consensus protocol that is often used in private blockchains. It is designed to ensure consensus among a group of nodes, without requiring every node to process every transaction. Instead, nodes are organized into groups, called quorums, which are responsible for validating transactions and sharing information with other quorums.
The process begins with a node broadcasting a transaction to its own quorum. If the quorum agrees that the transaction is valid, it is then broadcast to other quorums for further validation. If a quorum finds that a transaction is invalid, it is rejected and the other quorums are notified. If all quorums agree that a transaction is valid, it is added to the blockchain.
One of the advantages of FBA is that it is highly fault tolerant. Even if a portion of the network fails, as long as a quorum is still functional, the network can continue to operate. Additionally, FBA is highly scalable, as nodes can be added or removed from the network without disrupting consensus.
However, FBA is not without its drawbacks. The complexity of the protocol can make it difficult to implement and maintain, and the use of quorums can make the network vulnerable to attack if a single quorum is compromised.
Overall, Federated Byzantine Agreement is a powerful consensus protocol that is well-suited to private blockchains where scalability and fault tolerance are key considerations.
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