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This paper considers the Byzantine consensus problem for nodes with binary inputs. The nodes are interconnected by a network represented as an undirected graph, and the system is assumed to be synchronous. Under the classical point-to-point communication model, it is well-known that the following two conditions are both necessary and sufficient to achieve Byzantine consensus among n nodes in the presence of up to ƒ Byzantine faulty nodes: n & 3 #8805; 3 ≥ ƒ+ 1 and vertex connectivity at least 2 ƒ + 1. In the classical point-to-point communication model, it is possible for a faulty node to equivocate, i.e., transmit conflicting information to different neighbors. Such equivocation is possible because messages sent by a node to one of its neighbors are not overheard by other neighbors. This paper considers the local broadcast model. In contrast to the point-to-point communication model, in the local broadcast model, messages sent by a node are received identically by all of its neighbors. Thus, under the local broadcast model, attempts by a node to send conflicting information can be detected by its neighbors. Under this model, we show that the following two conditions are both necessary and sufficient for Byzantine consensus: vertex connectivity at least ⌋ 3 fƒ / 2 ⌊ + 1 and minimum node degree at least 2 ƒ. Observe that the local broadcast model results in a lower requirement for connectivity and the number of nodes n, as compared to the point-to-point communication model. We extend the above results to a hybrid model that allows some of the Byzantine faulty nodes to equivocate. The hybrid model bridges the gap between the point-to-point and local broadcast models, and helps to precisely characterize the trade-off between equivocation and network requirements.