Cryptocurrency Q&A What is the difference between Nakamoto Consensus and BFT?

What is the difference between Nakamoto Consensus and BFT?

Bianca Bianca Sun Aug 11 2024 | 5 answers 1440
Could you please clarify the fundamental differences between Nakamoto Consensus and Byzantine Fault Tolerance (BFT) for me? Specifically, how do they approach consensus in a decentralized network, and what are the key advantages and disadvantages of each mechanism? Additionally, in what scenarios might one be more suitable than the other? What is the difference between Nakamoto Consensus and BFT?

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