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Blockchain : Byzantine Fault Tolerance in Private Blockchains

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Blockchain : Byzantine Fault Tolerance in Private Blockchains


Say a company has their own private blockchain to store information on whatever. What stops that company from falsifying the history of the blockchain? I assume they own all the nodes in their private blockchain.

Doesn’t this remove one of the best things about blockchain? That you can trust the history?




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What is the Blockchain?



A block chain is a transaction database shared by all nodes participating in a system based on the Bitcoin protocol. A full copy of a currency’s block chain contains every transaction ever executed in the currency. With this information, one can find out how much value belonged to each address at any point in history.

Author: milky-jesus

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