CFP last date
20 June 2024
Reseach Article

Comparative analysis of Consensus Algorithms in Blockchain Technologies

by Ridha P., Varnika Bagaria, Sampada K.S.
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, Sampada K.S. . Comparative analysis of Consensus Algorithms in Blockchain Technologies. International Journal of Computer Applications. 183, 16 ( Jul 2021), 35-41. DOI=10.5120/ijca2021921492

@article{ 10.5120/ijca2021921492,
author = { Ridha P., Varnika Bagaria, Sampada K.S. },
title = { Comparative analysis of Consensus Algorithms in Blockchain Technologies },
journal = { International Journal of Computer Applications },
issue_date = { Jul 2021 },
volume = { 183 },
number = { 16 },
month = { Jul },
year = { 2021 },
issn = { 0975-8887 },
pages = { 35-41 },
numpages = {9},
url = { https://ijcaonline.org/archives/volume183/number16/32012-2021921492/ },
doi = { 10.5120/ijca2021921492 },
publisher = {Foundation of Computer Science (FCS), NY, USA},
address = {New York, USA}
}
%0 Journal Article
%1 2024-02-07T01:17:00.386800+05:30
%A Ridha P.
%A Varnika Bagaria
%A Sampada K.S.
%T Comparative analysis of Consensus Algorithms in Blockchain Technologies
%J International Journal of Computer Applications
%@ 0975-8887
%V 183
%N 16
%P 35-41
%D 2021
%I Foundation of Computer Science (FCS), NY, 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
  1. Christian Cachin Marko Vukoli´ “Blockchain Consensus Protocols in the Wild”
  2. Sigrid Seibold, George Samman “Consensus Immutable agreement for the Internet of Value”
  3. S. A. Xie, H. N. Dai, Z. B. Zheng, X. Chen and H. Wang “An overview of blockchain technology: Architecture consensus and future trends", Proc. IEEE Int. Congr. Big Data, pp. 557-564, Jun. 2017
  4. Parikshit Hooda“Proof of Work (PoW) Consensus”
  5. Karan Singh, Ashok Kumar Yadav“Comparative Analysis of Consensus Algorithms of Blockchain Technology”
  6. L. Ren “Proof of Stake Velocity: Building the Social Currency of the Digital Age”, Apr. 2014, [online]
  7. Parikshit Hooda“Proof of Stake (PoS) in Blockchain”
  8. Vitalik Buterin “A Proof of Stake Design Philosophy”
  9. L. Ren “Proof of Stake Velocity: Building the Social Currency of the Digital Age”, Apr. 2014, [online]
  10. Baocheng Wang 1,*, Zetao Li 1 and Haibin Li 2 “Hybrid Consensus Algorithm Based on ModifiedProof-of-Probability and DPoS”
  11. Baocheng Wang 1,*, Zetao Li 1 and Haibin Li 2 “Delegated Proof of Stake With Downgrade: A Secure and Efficient Blockchain Consensus Algorithm With Downgrade Mechanism “
  12. B. Liskov and M. Castro, "Practical Byzantine fault tolerance", Proc. Symp. Operating Syst. Design Implement., pp. 173-186, 1999.
  13. Ashok Kumar Yadav, Karan Singh “Comprehensive Study on Incorporation of Blockchain Technology With IoT Enterprises”
  14. Kashish Khullar “Implementing PBFT in Blockchain”.
  15. HUPAYX “Consensus Algorithm= POW, PoS and DPoS”.
Index Terms

Computer Science
Information Sciences

Keywords

Blockchain consensus PoW PoS DPoS PBFT