Categories: Ethereum

Blockchain Project Thundercore Releases Code for ‘Pala’ Consensus Protocol

Click here to view original web page at www.coindesk.com

Public blockchain platform provider ThunderCore has just released proof-of-concept code for a new consensus protocol, dubbed Pala, on GitHub.

According to Elaine Shi, chief scientist for ThunderCore, the work represents “a dream consensus protocol.”

As stated on the newly released GitHub page:

“Pala is a byzantine fault tolerant consensus protocol…It can achieve low latency and high throughput in a partially synchronous network setting.”

In layman terms, for blockchains that use a system of block creation and transaction validation known as proof-of-stake (PoS), Pala is way in which to switch out certain bad actors from the network without sacrificing speed or liveness.

ThunderCore was previously reported by VentureBeat to have raised $50 million in their pursuit of a highly-scalable PoS blockchain. The startup’s public blockchain network, also called ThunderCore, launched this month and is fully compatible with applications running on the world’s second largest blockchain platform, ethereum.

The ThunderCore blockchain also leverages the ethereum network for chain finality.

On the newly released ThunderCore blockchain, bad actors in the PoS system are detected and switched out by leveraging finality on the ethereum blockchain. The ethereum blockchain essentially acts as a network for the ThunderCore blockchain to fall back on should consensus be broken.

However, confirmations of blocks and transactions on the ethereum blockchain takes roughly 10 minutes to generate, according to Shi.

“When we want to use the slow chain for the fall back detection…we are going to suffer from slow chain confirmation times,” said Shi. “This is what ThunderCore is doing right now.”

With Pala, ThunderCore is able to rotate out bad actors without touching the “fallback” chain. Shi emphasized that Pala will be integrated into ThunderCore’s mainnet network once fully tested.

Shi told CoinDesk:

“Open-sourcing the Pala protocol is an important milestone for us. It means other projects can use the protocol for other blockchain platforms if they need fast consensus.”

Elaine Shi image by Christine Kim for CoinDesk

According to Elaine Shi, chief scientist for ThunderCore, the work represents […]

cinerama

Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Share
Published by
cinerama

Recent Posts

‘Satoshi’s sister’ predicts ‘mind boggling’ BSV price after Tulip Trust sale

tumblr_static_f4nhh5q3oa0o80sgwgww4c4ws (2) ‘Satoshi’s sister’ Lisa N Edwards expects Bitcoin SV to skyrocket after brother Dr Craig S Wright sells off… Read More

6 hours ago

CME to add options trading for Bitcoin and expand Bitcoin futures

The Chicago Mercantile Exchange (CME), the world’s largest options and futures exchange, announced today that its thriving bitcoin futures contracts… Read More

6 hours ago

Can Bakkt Really Do Anything for Bitcoin at This Stage?

At press time, bitcoin is trading for about $10,169. The currency has gone through some very strange behavior over the… Read More

6 hours ago

Bitwise Creates Document Explaining Why the Time for a Bitcoin ETF Has Come

Bitwise has produced a 31- page document that it has sent to the Securities and Exchange Commission ( SEC ).… Read More

6 hours ago

NASA Looking For Data Scientist With Cryptocurrency Experience

NASA (National Aeronautics and Space Administration) appears to be on the hunt for a data scientist who, amongst other qualities,… Read More

6 hours ago

High Hash Rate May Bolster Bitcoin Bulls Despite Near-Term Bearishness

After incurring a sudden influx of buying pressure that sent Bitcoin’s price surging to highs of nearly $10,500, BTC has… Read More

6 hours ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More