in BlockChain by
Q:
Consensus in Centralized vs Decentralized Systems

1 Answer

0 votes
by
Consensus in Centralized vs Decentralized Systems
  • The consensus is a fault-tolerant mechanism used in blockchain and other distributed systems to reach to an agreement to add or commit a transaction to the database by all the participating nodes.
  • Consensus mechanisms make a distributed system truly trustless.
  • Centralized distributed systems achieve consensus under the fail-stop assumption. This requires that the distributed system agrees on a value in the face of node and link failures but not if a node behaves maliciously.
  • Decentralized systems are required to operate under Byzantine node failure where a failed node may act maliciously, i.e., they may not respond, or they may send incorrect information.
Click here to read more about BlockChain
Click here to read more about Insurance

Related questions

+2 votes
asked Aug 14, 2019 in BlockChain by rahulsharma
0 votes
asked Dec 26, 2020 in BlockChain by GeorgeBell
+1 vote
asked Feb 20, 2020 in BlockChain by rahuljain1
+2 votes
asked Aug 14, 2019 in BlockChain by rahulsharma
0 votes
asked Feb 25, 2020 in BlockChain by miceperry
+1 vote
...