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Tendermint: Byzantine Fault Tolerance in the Age of Blockchains

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Title: Tendermint: Byzantine Fault Tolerance in the Age of Blockchains
Author: Buchman, Ethan
Department: School of Engineering
Program: Engineering
Advisor: Taylor, Graham
Abstract: Tendermint is a new protocol for ordering events in a distributed network under adversarial conditions. More commonly known as consensus or atomic broadcast, the problem has attracted significant attention recently due to the widespread success of digital currencies, such as Bitcoin and Ethereum, which successfully solve the problem in public settings without a central authority. Tendermint modernizes classic academic work on the subject to provide a secure consensus protocol with accountability guarantees, as well as an interface for building arbitrary applications above the consensus. Tendermint is high performance, achieving thousands of transactions per second on dozens of nodes distributed around the globe, with latencies of about one second, and performance degrading moderately in the face of adversarial attacks.
Date: 2016-06
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