A team of researchers at Pyrofex Corporation recently introduced Casanova, a leaderless optimistic consensus algorithm suited for use in a blockchain. Rather than producing a chain, Casanova produces blocks in a directed acyclic graph (DAG), which is essentially a directed graph with no cycles. Casanova pipelines voting rounds and block production to improve scalability and has a unique 'line item veto' for conflicting transactions such as double spends.
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Casanova: A scalable consensus protocol for blockchain
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