GHOST Protocol
Ghost (Greedy Heaviest Observer SubTree) was initially proposed for the Bitcoin blockchain and solves for some of the security and efficiency problems currently seen with that and other Proof-Of-Work blockchains. Before we explore some of the high-level details of this protocol and also how this lead to the creation of the Casper protocols (FFG & CBC) and development of the…
Ethereum, Casper and the CSPR blockchain
There are two separate consensus algorithms defined as being Casper protocols FFG – Friendly Finality Gadget CBC – Correct By Construct aka ‘Casper the friendly GHOST‘ Currently Ethereum is a Proof-Of-Work (POW) blockchain. This means it is constrained by the same drawbacks as all POW blockchains, namely efficiency and security, read more about consensus protocols here. Because of this, the…