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Articles / 06 December, 2023

Decoding Lachesis: Revolutionizing Cryptocurrency Consensus with Asynchronous Byzantine Fault Tolerance

The Lachesis consensus algorithm is a distributed consensus mechanism that is specifically designed for use in cryptocurrencies. It is a Directed Acyclic Graph (DAG) based asynchronous Byzantine Fault Tolerant (aBFT) consensus algorithm. Lachesis offers significant improvements over both Classical and Nakamoto consensus models. In the context of cryptocurrencies, consensus algorithms play a crucial role in determining how transactions are validated and recorded on the blockchain. […]

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