Ethereum update: Why did Vitalik & Vlad abandon consensus-by-bet?
It seems better on the surface than FFG. Vitalik simply said, “it was too risky.” What? How is it risky? The way I understand it, it operates under much the same underlying principle, but it has a 99% fault tolerance, and what’s the likelihood 100% of actors will be wrong by betting wrong? It’s so much simpler and straight-to-the-point than PBFT et al..
About Ethereum
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference.
Author: sedulouspellucidsoft
Score: 28
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