Consensus algorithm for a private blockchain

Bouvarel Lucas, Rafael V. Paez

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

17 Scopus citations

Abstract

In this paper we give an overview of the Blockchain. We explain quickly how it works thanks to the hash function and the distributed architecture. Then come the descriptions of the two most famous consensus algorithms: Proof of Work and Proof of Stake. We also present some security issues for each algorithm. This paper contains a little explanation of others consensus algorithms that are inspired of these two. Finally, a new consensus algorithm for private Blockchain is presented.

Original languageEnglish
Title of host publicationICEIEC 2019 - Proceedings of 2019 IEEE 9th International Conference on Electronics Information and Emergency Communication
EditorsWenzheng Li, Guomin Zuo
PublisherInstitute of Electrical and Electronics Engineers Inc.
Pages264-271
Number of pages8
ISBN (Electronic)9781728111896
DOIs
StatePublished - Jul 2019
Event9th IEEE International Conference on Electronics Information and Emergency Communication, ICEIEC 2019 - Beijing, China
Duration: 12 Jul 201914 Jul 2019

Publication series

NameICEIEC 2019 - Proceedings of 2019 IEEE 9th International Conference on Electronics Information and Emergency Communication

Conference

Conference9th IEEE International Conference on Electronics Information and Emergency Communication, ICEIEC 2019
Country/TerritoryChina
CityBeijing
Period12/07/1914/07/19

Keywords

  • Blockchain
  • consensus algorithms
  • hash function
  • proof of stake
  • proof of work

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