Day: June 26, 2023

Understanding the Raft Consensus Algorithm
Blockchain

Understanding the Raft Consensus Algorithm

In distributed systems, achieving consensus among multiple nodes is crucial for ensuring consistency and fault tolerance. The Raft consensus algorithm has emerged as a popular solution to this challenge. In this article, we will delve into the workings of the Raft algorithm, its key components, and its significance in distributed consensus. Introduction to Consensus Algorithms Consensus algorithms play a crucial role in distributed systems by enabling nodes to agree on a shared state despite failures or communication delays. They ensure that all nodes in a network reach agreement on the order and validity of transactions. Various consensus algorithms, such as Paxos, Raft, and Practical Byzantine Fault Tolerance (PBFT), have been developed to tackle this challenge. What is the Raft Conse...
Bybit Takes the Lead in Strengthening Regulation with Groundbreaking Cyprus License
Crypto

Bybit Takes the Lead in Strengthening Regulation with Groundbreaking Cyprus License

Bybit Takes the Lead in Strengthening Regulation with Groundbreaking Cyprus License Bybit has just got the CySEC license, which will enable it to offer crypto custody services online. Key Points Bybit has been granted a license to provide cryptocurrency exchange and custody services.  This license will enable Bybit to resume offering its services in Canada after having to leave due to strict regulations. Bybit has also been facing several regulatory challenges. Bybit, a crypto exchange, has been granted a fresh license by the Cyprus Securities and Exchange Commission (CySEC), enabling it to function as a cryptocurrency exchange and offer custody services. &...