Dr. Svetlin Nakov at CryptoBlockCon - Las Vegas (11 Dec 2018)
In this talk the speaker Svetlin Nakov explains very briefly the concepts of decentralized consensus and blockchain consensus algorithms, along with examples from popular blockchain networks and DLT ledgers:
The concept of Byzantine Fault Tolerance (BFT)
The role of consensus algorithms in decentralized systems and blockchains
Proof-of-work consensus (PoW), mining, pools, hash power, ASIC mining, etc.
Proof-of-stake (PoS) and its variants: DPoS (delegated PoS), RPoS (randomized PoS), LPoS (leased PoS), PoI (proof of importance)
Practical Byzantine Fault Tolerance (PBFT) and FBA (federated byzantine agreement)
Non-blockchain consensus, asynchronous byzantine fault tolerance (aBFT) and Hashgraph