Merge pull request #57 from jamesray1/patch-19
@article{Fischer_Lynch_Paterson_FLP_Impossibility_1985,
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Blockchain consensus protocols like Bitcoin do not finalize/decide on one block at a time. In fact, the Bitcoin blockchain in particular does not make ``finalized decisions'' at all; blocks are ``orphaned'' if/when they are not in the highest total difficulty chain. However, if the miners are able to mine on the same blockchain, then the blocks that get deep enough into the blockchain won't be reverted (``orphaned''). A block's depth in the blockchain therefore serves as a proxy for finalization. In the average case for blockchain consensus protocols, each node only requires approximately one message, $\mathcal{O}(1)$, for every block.
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Traditional consensus protocol research has focused on producing protocols that are asynchronously safe (i.e.\ blocks won't be reverted due to arbitrary timing of future events) and live in asynchrony (or partial synchrony) (i.e.\ nodes eventually decide on new blocks). On the other hand, the Bitcoin blockchain is not safe in an asynchonous network but is safe and live (for unknown block-depth or ``confirmation count'') in a ``partially synchronous network.''
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Traditional consensus protocol research has focused on producing protocols that are asynchronously safe (i.e.\ blocks won't be reverted due to arbitrary timing of future events) and live in asynchrony (or partial synchrony) (i.e.\ nodes eventually decide on new blocks) \cite{Fischer_Lynch_Paterson_FLP_Impossibility_1985}. On the other hand, the Bitcoin blockchain is not safe in an asynchonous network but is safe and live (for unknown block-depth or ``confirmation count'') in a ``partially synchronous network''.
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Traditional Byzantine fault tolerant consensus protocols have precisely stated Byzantine fault tolerance numbers (often they can tolerate less than a third of Byzantine faults, or up to $t$ faults when there are $3t + 1$ nodes)[CITE]. On the other hand, it is less clear exactly how many faults (measured as a proportion of hashrate) the Bitcoin blockchain protocol can tolerate.
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@ -518,7 +518,7 @@ The rest of the definitions in the protocol remain completely identical (includi
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Traditionally, we would like to show that the protocol ``has liveness'', i.e. that nodes running the consensus protocol \emph{eventually} decide on a value. For us, the corresponding guarantee is that nodes \emph{eventually} detect that they have a safe estimate.
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FLP impossibility shows that it is impossible for consensus protocols like ours (which don't use non-determinism or cryptography) to be live in an ``asynchronous network,'' which is to say, without making assumptions about the timing of message propagation (or the order of message arrival)[CITE].
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The FLP impossibility (where FLP refers to the authors of \cite{Fischer_Lynch_Paterson_FLP_Impossibility_1985}) shows that it is impossible for consensus protocols like ours (which don't use non-determinism or cryptography) to be live in an ``asynchronous network,'' which is to say, without making assumptions about the timing of message propagation (or the order of message arrival).
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We have not yet made any synchrony assumptions of any kind, which is why the consensus protocols given here are asynchronously safe. Moreover, we have not said anything about when nodes \emph{should} send protocol messages. We have instead imposed relatively loose constraints on the protocol executions that nodes can take (they can receive messages and move to any state $\sigma' \supset \sigma$ from $\sigma$, as long as $\sigma'$ does not evidence too many Byzantine faults).
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@article{Fischer_Lynch_Paterson_FLP_Impossibility_1985,
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title = {{Impossibility of Distributed Consensus with One Faulty Process}},
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author = "Michael J. Fischer and Nancy A. Lynch and Michael S. Paterson",
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url = "https://groups.csail.mit.edu/tds/papers/Lynch/jacm85.pdf",
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journal = {{Journal of the Assccktion for Computing Machinery}},
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volume = "32",
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number = "2",
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year = "1985",
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month = "April",
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pages = 374–382,
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@MISC{GHOST,
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TITLE = {Secure High-Rate Transaction Processing in Bitcoin},
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author = {Yonatan Sompolinsky and Aviv Zohar},
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