A high efficiency blockchain is a distributed ledger system engineered to process a substantial volume of transactions quickly and with minimal computational resources. These blockchains typically incorporate advanced consensus mechanisms, optimized data structures, or sharding techniques. The primary objective is to overcome the scalability limitations observed in earlier blockchain iterations. This design facilitates broader application beyond speculative digital asset transfers.
Context
The discussion surrounding high efficiency blockchains frequently addresses solutions for enterprise adoption and mainstream digital payments. A critical development involves achieving a balance between decentralization, security, and transaction speed. Future research continues to focus on layer-2 solutions and novel consensus algorithms to further enhance throughput and reduce latency.
A novel unauthenticated BFT protocol secures consensus with optimal communication and 5-message finality, simplifying architecture and boosting efficiency.
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