Share this article
Blockchain Project Thundercore Releases Code for 'Pala' Consensus Protocol
Blockchain provider platform ThunderCore announced the open-sourcing of a new consensus protocol called Pala.
Updated Sep 13, 2021, 9:12 a.m. Published May 15, 2019, 3:50 p.m.
Make us preferred on Google
Public blockchain platform provider ThunderCore has just released proof-of-concept code for a new consensus protocol, dubbed Pala, on GitHub.
According to Elaine Shi, chief scientist for ThunderCore, the work represents "a dream consensus protocol."
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
As stated on the newly released GitHub page:
"Pala is a byzantine fault tolerant consensus protocol...It can achieve low latency and high throughput in a partially synchronous network setting."
In layman terms, for blockchains that use a system of block creation and transaction validation known as proof-of-stake (PoS), Pala is way in which to switch out certain bad actors from the network without sacrificing speed or liveness.
ThunderCore was previously reported by VentureBeat to have raised $50 million in their pursuit of a highly-scalable PoS blockchain. The startup's public blockchain network, also called ThunderCore, launched this month and is fully compatible with applications running on the world's second largest blockchain platform, ethereum.
The ThunderCore blockchain also leverages the ethereum network for chain finality.
On the newly released ThunderCore blockchain, bad actors in the PoS system are detected and switched out by leveraging finality on the ethereum blockchain. The ethereum blockchain essentially acts as a network for the ThunderCore blockchain to fall back on should consensus be broken.
However, confirmations of blocks and transactions on the ethereum blockchain takes roughly 10 minutes to generate, according to Shi.
"When we want to use the slow chain for the fall back detection...we are going to suffer from slow chain confirmation times," said Shi. "This is what ThunderCore is doing right now."
With Pala, ThunderCore is able to rotate out bad actors without touching the "fallback" chain. Shi emphasized that Pala will be integrated into ThunderCore's mainnet network once fully tested.
Shi told CoinDesk:
"Open-sourcing the Pala protocol is an important milestone for us. It means other projects can use the protocol for other blockchain platforms if they need fast consensus."
Elaine Shi image by Christine Kim for CoinDesk
More For You
Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.
What to know:
Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.
The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.
More For You
Bitcoin pulls back to as low as $81,000 as horrendous day continues
The world's largest cryptocurrency has shed nearly $10,000 over the past 24 hours, now threatening to take out its recent November low just under $81,000.
What to know:
- Bitcoin (BTC) continued to quickly decline in the U.S. evening hours on Thursday, the price falling all the way to $81,000.
- More than $777 million in leveraged crypto long positions were liquidated in the space of one hour.
- Comments from President Trump caused a surge in Polymarket betting odds on Kevin Warsh becoming the next Fed chair, perhaps disappointing some traders who hoped the more dovish Rick Rieder would be selected.
Top Stories
