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Blockchain for Enterprise

You're reading from   Blockchain for Enterprise Build scalable blockchain applications with privacy, interoperability, and permissioned features

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Product type Paperback
Published in Sep 2018
Publisher Packt
ISBN-13 9781788479745
Length 220 pages
Edition 1st Edition
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Author (1):
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Narayan Prusty Narayan Prusty
Author Profile Icon Narayan Prusty
Narayan Prusty
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Table of Contents (10) Chapters Close

Preface 1. What are Decentralized Applications? FREE CHAPTER 2. Building Blockchain Using Quorum 3. Writing Smart Contracts 4. Getting Started with web3.js 5. Building Interoperable Blockchains 6. Building Quorum as a Service Platform 7. Building a DApp for Digitizing Medical Records 8. Building a Payment Solution for Banks 9. Other Books You May Enjoy

Istanbul Byzantine Fault Tolerence

Let's see how the IBFT consensus protocol works at a level that will make us comfortable enough to build DApps. We won't go in depth into IBFT as it's not necessary.

IBFT is a type of proof-of-authority protocol. In IBFT, there are two kinds of nodes: validator nodes (referred to as authorities when they are linked to physical entities) and regular nodes. Authority nodes are the ones that create blocks. IBFT is used in a network where there is a need for BFT, blocktime up to a few seconds is good enough, and we need a single confirmation (the absence of regular forks).

The system can tolerate at most F Byzantium or crashed nodes in a N validator nodes network that is, F = (N-1)/3 . The default block time in IBFT is between one to ten seconds and Quorum does allow you to customize this.

In IBFT, a round...

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