Byzantine fault tolerance (BFT) refers to the ability of a system to continue operating correctly even when some of its components fail or act maliciously. In decentralized networks, achieving consensus among participants is crucial for maintaining the integrity of the data.In a scenario where some nodes may send incorrect information or deliberately attempt to disrupt the network, BFT mechanisms ensure that honest nodes can still reach agreement on the state of the system. This is particularly important in blockchain technology, where a trustworthy and secure ledger relies on the consensus of network participants.Various algorithms have been developed to achieve BFT. These often involve multiple rounds of communication among nodes to validate transactions and ensure that the majority agree on the validity of a proposed block. This redundancy helps to mitigate risks from faulty or adversarial nodes.Effective BFT is essential for building robust and secure decentralized networks, as it protects against problems like double spending and network splits. Thus, it plays a key role in maintaining trust and reliability in transactions.

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