Byzantine Consensus refers to a mechanism that allows a network of distributed nodes to reach an agreement on the state of shared data, even when some nodes may fail or act maliciously. The term originates from the “Byzantine Generals Problem,” which illustrates the challenges of achieving consensus in the presence of unreliable participants.In blockchain networks, nodes collaborate to validate transactions and create new blocks. Byzantine Consensus ensures that, despite some nodes potentially providing false information or failing to respond, the honest nodes can still reach a majority agreement.Common algorithms that utilize Byzantine Consensus include Practical Byzantine Fault Tolerance (PBFT) and Delegated Byzantine Fault Tolerance (DBFT). These protocols enhance security and reliability by requiring a specified number of confirmations before consensus is achieved.This approach is crucial for maintaining trust and integrity in networks where participants may not fully trust each other. By ensuring that decisions are made collectively, even in adversarial conditions, Byzantine Consensus plays a vital role in the robustness of decentralized systems.

Bybit Removed from France’s AMF Blacklist After Two Years of Compliance Efforts
Cryptocurrency exchange Bybit has been officially removed from the blacklist of France’s financial markets regulator, the Autorité des Marchés Financiers