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South Korea's Largest Public Blockchain Project Launches New Consensus Algorithm

Roland James

Summary: ICON (ICX), South Korea’s largest public blockchain project, has launched a new Loop Fault Tolerance 2.0 (LFT 2.0) consensus algorithm. According to an announcement on Wednesday, the new algorithm will improve scalability and network bandwidth over the popular Practical Byzantine Fault Tolerance (PBFT) consensus types, without undermining security. By Roland James

ICON (ICX), South Korea’s largest public blockchain project, has launched a new Loop Fault Tolerance 2.0 (LFT 2.0) consensus algorithm.

According to an announcement on Wednesday, the new algorithm will improve scalability and network bandwidth over the popular Practical Byzantine Fault Tolerance (PBFT) consensus types, without undermining security.

By Roland James

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