Research on Practical Byzantine Fault Tolerant Consensus Algorithm Based on Blockchain

Abstract

Abstract Practical Byzantine Fault-tolerant Algorithm (PBFT) is the most widely used consensus algorithm in alliance chain, which has the advantages of fault tolerance and large throughput. However, PBFT also has some problems that can’t be ignored in specific blockchain applications, such as bad behavior of master node, high network communication overhead and low system flexibility. In this paper, the improvement measures of PBFT consensus algorithm are summarized from many aspects, and then compared with traditional PBFT algorithm. Finally, the development direction and trend of PBFT algorithm are prospected, hoping to provide reference for the research and innovation of PBFT consensus algorithm in the future.