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You're reading from  Mastering Blockchain - Fourth Edition

Product typeBook
Published inMar 2023
PublisherPackt
ISBN-139781803241067
Edition4th Edition
Concepts
Blockchain
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Author (1)
Imran Bashir
Imran Bashir
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Imran Bashir

Imran Bashir has an M.Sc. in Information Security from Royal Holloway, University of London, and has a background in software development, solution architecture, infrastructure management, and IT service management. He is also a member of the Institute of Electrical and Electronics Engineers (IEEE) and the British Computer Society (BCS). Imran has extensive experience in both the public and financial sectors, having worked on large-scale IT projects in the public sector before moving to the financial services industry. Since then, he has worked in various technical roles for different financial companies in Europe's financial capital, London.
Read more about Imran Bashir

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Choosing an algorithm

Choosing a consensus algorithm depends on several factors. It is not only use case-dependent, but some trade-offs may also have to be made to create a system that meets all the requirements without compromising the core safety and liveness properties of the system. We will discuss some of the main factors that can influence the choice of consensus algorithm. Note that these factors are different from the core safety and liveness properties discussed earlier, which are the fundamental requirements needed to be fulfilled by any consensus mechanism. Other factors that we are going to introduce here are use case-specific and impact the choice of consensus algorithm. These factors include finality, speed, performance, and scalability.

Finality

Finality refers to a concept where once a transaction has been completed, it cannot be reverted. In other words, if a transaction has been committed to the blockchain, it won't be revoked or rolled back. This feature is especially...

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Mastering Blockchain - Fourth Edition
Published in: Mar 2023Publisher: PacktISBN-13: 9781803241067
© 2023 Packt Publishing Limited All Rights Reserved

Author (1)

author image
Imran Bashir

Imran Bashir has an M.Sc. in Information Security from Royal Holloway, University of London, and has a background in software development, solution architecture, infrastructure management, and IT service management. He is also a member of the Institute of Electrical and Electronics Engineers (IEEE) and the British Computer Society (BCS). Imran has extensive experience in both the public and financial sectors, having worked on large-scale IT projects in the public sector before moving to the financial services industry. Since then, he has worked in various technical roles for different financial companies in Europe's financial capital, London.
Read more about Imran Bashir

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