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Comparative analysis of Consensus Algorithms in Blockchain Technologies

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International Journal of Computer Applications
Foundation of Computer Science (FCS), NY, USA
Volume 183 - Number 16
Year of Publication: 2021
Authors:
Ridha P., Varnika Bagaria, Sampada K.S.
10.5120/ijca2021921492

Ridha P., Varnika Bagaria and Sampada K.S.. Comparative analysis of Consensus Algorithms in Blockchain Technologies. International Journal of Computer Applications 183(16):35-41, July 2021. BibTeX

@article{10.5120/ijca2021921492,
	author = {Ridha P. and Varnika Bagaria and Sampada K.S.},
	title = {Comparative analysis of Consensus Algorithms in Blockchain Technologies},
	journal = {International Journal of Computer Applications},
	issue_date = {July 2021},
	volume = {183},
	number = {16},
	month = {Jul},
	year = {2021},
	issn = {0975-8887},
	pages = {35-41},
	numpages = {7},
	url = {http://www.ijcaonline.org/archives/volume183/number16/32012-2021921492},
	doi = {10.5120/ijca2021921492},
	publisher = {Foundation of Computer Science (FCS), NY, USA},
	address = {New York, USA}
}

Abstract

The blockchain is a decentralized framework that gives immutability, protection, security, and transparency. There is no central authority present to approve and check the transaction, yet every transaction in the Blockchain is viewed as totally secured and verified. This is conceivable simply because of the presence of the consensus convention which is a centerpiece of any Blockchain network. The consensus mechanism numerically permits millions of nodes spread throughout the planet to concur on the production of blocks. Thusly, consensus algorithms accomplish unwavering quality in the Blockchain arrangement and build up trust between obscure peers in a distributed processing environment.

References

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Keywords

Blockchain, consensus, PoW, PoS, DPoS, PBFT