## Cryptology ePrint Archive: Report 2018/1049

Ouroboros-BFT: A Simple Byzantine Fault Tolerant Consensus Protocol

Aggelos Kiayias and Alexander Russell

Abstract: We present a simple, deterministic protocol for ledger consensus that tolerates Byzantine faults. The protocol is executed by $n$ servers over a synchronous network and can tolerate any number $t$ of Byzantine faults with $t<n/3$. Furthermore, the protocol can offer (i) transaction processing at full network speed, in the optimistic case where no faults occur, (ii) instant confirmation: the client can be assured in a single round-trip time that a submitted transaction will be settled, (iii) instant proof of settlement: the client can obtain a receipt that a submitted transaction will be settled. A derivative, equally simple, binary consensus protocol can be easily derived as well. We also analyze the protocol in case of network splits and temporary loss of synchrony arguing the safety of the protocol when synchrony is restored. Finally, we examine the covert adversarial model showing that Byzantine resilience is increased to $t<n/2$.

Category / Keywords: applications / Byzantine Agreement, Consensus

Date: received 30 Oct 2018, last revised 26 Nov 2018

Contact author: akiayias at inf ed ac uk

Available format(s): PDF | BibTeX Citation

Short URL: ia.cr/2018/1049

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