NEO has released a game-changing update to its current consensus mechanism. DBFT 2.0 is now available, and although it will be some time before it is fully activated, the update promises to finalize transactions much more effectively. NEO creator Erik Zhang has announced the news on Twitter:
dBFT2.0, a very important component of NEO 3.0, has been developed and released as NEO CLI v2.10.0. Soon it will be deployed to TESTNET and upgraded on MAINNET thereafter. Specifications for dBFT2.0 can be found right here: https://t.co/z4B6CPvJst
— Erik Zhang (@neoerikzhang) March 14, 2019
What Is DBFT Consensus?
All blockchains rely on consensus to decide which blocks are valid. This in turn allows transactions to be processed. Bitcoin, for example, reaches consensus thanks to the efforts of countless miners, which are always competing to find new blocks. By contrast, NEO relies on just seven trusted nodes that cooperatively reach consensus.
Because NEO relies on pre-determined trusted nodes, it uses Delegated Byzantine Fault…