Lecture
Consensus Mechanisms: Bitcoin and Distributed Ledger Technology
In course
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Description
This lecture covers permissionless consensus and multi-valued history consensus in Bitcoin and distributed ledger technology, explaining the concepts of information-based money, ledger, transactions, and public keys. The instructor, Bryan Ford, discusses the challenges and mechanisms of permissioned consensus, including Multi-Paxos, Raft, and PBFT. The lecture also delves into the concept of asynchronous pacing and consensus, introducing the Threshold Logical Clock (TLC) and 'Que Sera Consensus' (QSC) as alternative consensus mechanisms.
Instructors (2)
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