South Korea's Largest Crypto Unveils New Consensus Algorithm

Cointelegraph

Published Apr 08, 2020 08:00PM ET

Updated Apr 08, 2020 09:40PM ET

South Korea’s largest public blockchain project, ICON (ICX), announced its new Loop Fault Tolerance 2.0 (LFT 2.0) consensus algorithm on April 8.

The new algorithm claims to make performance improvements in scalability and network bandwidth over the popular Practical Byzantine Fault Tolerance (PBFT) consensus types, without compromising security.

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