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Distributed Ledger Technology (DLT) and Byzantine Fault Tolerance in Blockchain

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Soft Computing: Theories and Applications

Part of the book series: Lecture Notes in Networks and Systems ((LNNS,volume 425))

Abstract

With the advent of technology, the world saw the rise of blockchain technology, because of its accessibility, and efficiency in managing transactions and the related records. According to IBM, because it delivers immediate, shareable and entirely transparent information kept on an immutable ledger that can only be viewed by permissioned network users, blockchain is excellent for delivering that information. The most important aspect of blockchain is its distributed ledger technology. The Byzantine Fault Tolerance which is largely associated with distributed systems is a feature that allows a decentralised, trustless network to function even when some nodes are broken or malevolent. This paper explains the use of proof-of-work algorithms and Byzantine Fault Tolerance (BFT) to handle the Byzantine Faults in blockchain technology, its effects and the solutions to this problem.

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Author information

Authors and Affiliations

  1. Indian Institute of Information Technology, Kota, Rajasthan, India

    Sanatan Shrivastava & Ashish Sharma

Authors
  1. Sanatan Shrivastava
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  2. Ashish Sharma
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Corresponding author

Correspondence to Sanatan Shrivastava .

Editor information

Editors and Affiliations

  1. Department of Electrical Engineering, Malaviya National Institute of Technology, Jaipur, Rajasthan, India

    Rajesh Kumar

  2. Gwangju Institute of Science and Technology, Gwangju, Korea (Republic of)

    Chang Wook Ahn

  3. Department of Computer Science, Shobhit University, Gangoh, India

    Tarun K. Sharma

  4. Department of Instrumentation and Control Engineering, Dr. B. R. Ambedkar National Institute of Technology, Jalandhar, India

    Om Prakash Verma

  5. Indian Institute of Information Technology Kota, Jaipur, Rajasthan, India

    Anand Agarwal

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Shrivastava, S., Sharma, A. (2022). Distributed Ledger Technology (DLT) and Byzantine Fault Tolerance in Blockchain. In: Kumar, R., Ahn, C.W., Sharma, T.K., Verma, O.P., Agarwal, A. (eds) Soft Computing: Theories and Applications. Lecture Notes in Networks and Systems, vol 425. Springer, Singapore. https://doi.org/10.1007/978-981-19-0707-4_86

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