Stellar Development Foundation
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2602, 2016
The Stellar Consensus Protocol: A Federated Model for Internet-level Consensus
This paper introduces a new model for consensus called federated Byzantine agreement (FBA). FBA achieves robustness through quorum slices—individual trust decisions made by each node that together determine system-level quorums. Slices bind the system together much the way individual networks’ peering and transit decisions now unify the Internet.