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Lecture

Byzantine Quorums and Hyperledger Fabric

In course

CS-451: Distributed algorithms

Computing is nowadays distributed over several machines, in a local IP-like network, a cloud or a P2P network. Failures are common and computations need to proceed despite partial failures of machines or communication links. This course will study the fo ...

Description

This lecture covers the basics of Byzantine Fault Tolerance (BFT) and its application in Hyperledger Fabric. It discusses the challenges of achieving consensus in distributed systems, the concept of state-machine replication, and the evolution of blockchain technology from Bitcoin to Ethereum and Hyperledger Fabric. The lecture delves into the architecture of Hyperledger Fabric, the order-execute model, and the Mir-BFT protocol for total order broadcast. It also explores the performance evaluation of Mir-BFT in WAN settings and the key requirements for Hyperledger Fabric's design. The presentation concludes with insights on preventing transaction duplication, scalability, and the future prospects of Mir-BFT as a production-ready BFT library.

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Instructor

Rachid Guerraoui

Rachid Guerraoui has been affiliated with Ecole des Mines of Paris, the Commissariat à l'Energie Atomique of Saclay, Hewlett Packard Laboratories and the Massachusetts Institute of Technology. He has worked in a variety of aspects of distributed computing, including distributed algorithms and distributed programming languages. He is most well known for his work on (e-)Transactions, epidemic information dissemination and indulgent algorithms. He co-authored a book on Transactional Systems (Hermes) and a book on reliable distributed programming (Springer). He was appointed program chair of ECOOP 1999, ACM Middleware 2001, IEEE SRDS 2002, DISC 2004 and ACM PODC 2010. His publications are available at http://lpdwww.epfl.ch/rachid/papers/generalPublis.html

Official source

Ontological neighbourhood

Computer engineering

Computer security: Blockchain

Related concepts (32)

Blockchain

A blockchain is a distributed ledger with growing lists of records (blocks) that are securely linked together via cryptographic hashes. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data (generally represented as a Merkle tree, where data nodes are represented by leaves). Since each block contains information about the previous block, they effectively form a chain (compare linked list data structure), with each additional block linking to the ones before it.

Smart contract

A smart contract is a computer program or a transaction protocol that is intended to automatically execute, control or document events and actions according to the terms of a contract or an agreement. The objectives of smart contracts are the reduction of need for trusted intermediators, arbitration costs, and fraud losses, as well as the reduction of malicious and accidental exceptions. Smart contracts are commonly associated with cryptocurrencies, and the smart contracts introduced by Ethereum are generally considered a fundamental building block for decentralized finance (DeFi) and NFT applications.

Proof of stake

Proof-of-stake (PoS) protocols are a class of consensus mechanisms for blockchains that work by selecting validators in proportion to their quantity of holdings in the associated cryptocurrency. This is done to avoid the computational cost of proof-of-work (POW) schemes. The first functioning use of PoS for cryptocurrency was Peercoin in 2012, although the scheme, on the surface, still resembled a POW. For a blockchain transaction to be recognized, it must be appended to the blockchain.

Non-fungible token

A non-fungible token (NFT) is a unique digital identifier that is recorded on a blockchain, and is used to certify ownership and authenticity. It cannot be copied, substituted, or subdivided. The ownership of an NFT is recorded in the blockchain and can be transferred by the owner, allowing NFTs to be sold and traded. NFTs can be created by anybody, and require few or no coding skills to create. NFTs typically contain references to s such as artworks, photos, videos, and audio.

Tron (cryptocurrency)

TRON is a decentralized, blockchain-based operating system with smart contract functionality, proof-of-stake principles as its consensus algorithm and a cryptocurrency native to the system, known as Tronix (TRX). It was established in March 2014 by Justin Sun and since 2017 has been overseen and supervised by the TRON Foundation, a non-profit organization in Singapore, established in the same year. It is open-source software. It was originally an Ethereum-based ERC-20 token, which switched its protocol to its own blockchain in 2018.

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