Applications Of Agreement Algorithms

Another known approach is called MSR-like algorithms, widely used from computer science to control theory. [17] [18] [19] Randomized consensus algorithms can circumvent the impossible outcome of FLP by achieving both security and viability with overwhelming probability, even in the most pessimistic denial-of-service scenarios like a smart denial-of-service attacker on the network. [6] Some cryptocurrencies, such as Ripple, use a system of validation nodes to validate the Ledger. This system used by Ripple, called Ripple Protocol Consensus Algorithm (RPCA), works in rounds: Step 1: Each server establishes a list of transactions of valid candidates; Step 2: Each server gathers all the candidates from their unique Nodes List (UNL) and votes on their veracity. Step 3: Transactions exceeding the minimum threshold are passed to the next round. .

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