What is it about?
Executing Web3 smart contracts requires fast and secure decisions despite some machines not adhering to the protocol. This paper presents the consensus algorithm used on the Internet Computer and its main properties.
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Why is it important?
Since its launch in 2021, several tens of thousands of smart contracts have been deployed on the Internet Computer. These smart contracts provide dapps for services ranging from social media applications, NFTs and DeFi.
Read the Original
This page is a summary of: Internet Computer Consensus, July 2022, ACM (Association for Computing Machinery),
DOI: 10.1145/3519270.3538430.
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Resources
IC Consensus Overview
The Internet Computer blockchain runs on a network of nodes in independent data centers located around the world. In each of its subnet blockchains, the participating nodes must process the same messages in the same order to ensure that they achieve the same state. To this end, the Internet Computer relies on a novel consensus protocol, as described in this presentation.
IC Consensus White Paper Full Version
This whitepaper describes the Internet Computer Consensus protocol and including all proofs
Medium Article about Internet Computer Consensus
This article explains the intuition and the main ideas behind the Internet Computer Consensus algorithm.
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