follow us on twitter . like us on facebook . follow us on instagram . subscribe to our youtube channel . announcements on telegram channel . ask urgent question ONLY . Subscribe to our reddit . Altcoins Talks Shop Shop


This is an Ad. Advertised sites are not endorsement by our Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise Here

Author Topic: Understanding Finality in Blockchain  (Read 1744 times)

Offline cryptomarcianos

  • Baby Steps
  • *
  • Activity: 10
  • points:
    540
  • Karma: 0
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: September 13, 2020, 10:40:14 PM
    • View Profile

  • Total Badges: 6
    Badges: (View All)
    10 Posts First Post Third year Anniversary
Understanding Finality in Blockchain
« on: August 11, 2020, 04:55:56 AM »
Finally there is a project that is bringing Finality , and not only are they bringing it, one can also borrow it through their novel FaaS ( finality as a Service )

It is certainly a major challenge to engineer a high assurance implementation of a finality layer such as Afgjort and execute it over a blockchain protocol with a large enough user base (and a proper stake distribution) guaranteeing that less than one-third of the committee is malicious.

Concordium claims it's engineering team is tackling this challenge, their researchers are already hard at work on one of the most innovative features of the Concordium blockchain: Finality as a Service (FaaS).

According to them, Concordium’s FaaS will make strong finality guarantees accessible to third party decentralized applications without the need for their users (or operators) to execute Afgjort. Concordium’s FaaS will allow third-party applications to submit data to be finalized by Afgjort running on Concordium’s blockchain.

For example, a third-party blockchain protocol can submit block hashes to have its own blocks finalized by Concordium’s FaaS.

Alternatively, a mission-critical third-party smart contract conducting high valued financial transactions can submit transaction data and smart contract states for FaaS finalization.

Once these data are finalized by FaaS, they enjoy the same strong finality guarantees provided by the Concordium blockchain itself. More importantly, it does not matter that the third party application has a small user base or that it cannot guarantee the selection of a committee with less than a-third malicious users since the finality guarantees of FaaS will be provided by Afgjort being executed with the full resources of the Concordium network.

Do you think this is a technical feat? I haven't come across another blockchain project do this yet.

Altcoins Talks - Cryptocurrency Forum

Understanding Finality in Blockchain
« on: August 11, 2020, 04:55:56 AM »

This is an Ad. Advertised sites are not endorsement by our Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise Here


 

ETH & ERC20 Tokens Donations: 0x2143F7146F0AadC0F9d85ea98F23273Da0e002Ab
BNB & BEP20 Tokens Donations: 0xcbDAB774B5659cB905d4db5487F9e2057b96147F
BTC Donations: bc1qjf99wr3dz9jn9fr43q28x0r50zeyxewcq8swng
BTC Tips for Moderators: 1Pz1S3d4Aiq7QE4m3MmuoUPEvKaAYbZRoG
Powered by SMFPacks Social Login Mod