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Author:Lovejoy, James 

Working Paper
Heraclius: A Byzantine Fault Tolerant Database System with Potential for Modern Payments Systems

Modern payments systems are critical infrastructure for the US and global economy, and they all utilize computing systems to facilitate transactions. These computing systems can be vulnerable to failures and an outage of a payment system could cause a serious ripple effect throughout the economy it supports.Commonly used designs in existing distributed computer systems often lack a built-in defense against certain types of failures (e.g., malicious attacks and silent data corruption) and rely on preventing these failures from happening in the first place via techniques external to the system ...
Finance and Economics Discussion Series , Paper 2025-012

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