2021
DOI: 10.1155/2021/6693731
|View full text |Cite
|
Sign up to set email alerts
|

A Research Survey on Applications of Consensus Protocols in Blockchain

Abstract: The concept of blockchain, widely known as virtual currencies, saw a massive surge in popularity in recent times. As far as the security of the blockchain is concerned, consensus algorithms play a vital role in the blockchain. Research has been done separately, or comparisons between a few of them have been presented previously. In this paper, we have discussed widely used consensus algorithms in the blockchain. The consensus protocols covered in this paper include PoW (Proof of Work), PoS (Proof of Stake), DP… Show more

Help me understand this report

Search citation statements

Order By: Relevance

Paper Sections

Select...
3
1
1

Citation Types

0
40
0

Year Published

2021
2021
2024
2024

Publication Types

Select...
4
3
1

Relationship

0
8

Authors

Journals

citations
Cited by 85 publications
(46 citation statements)
references
References 21 publications
0
40
0
Order By: Relevance
“…The subsequent blocks, with the exception of the Genesis Block, must retain the hash address of its previous block. Every block consists of two parts: the block header and block data [41], as shown in Fig. 3.…”
Section: A Blockchain Structure and Key Componentsmentioning
confidence: 99%
“…The subsequent blocks, with the exception of the Genesis Block, must retain the hash address of its previous block. Every block consists of two parts: the block header and block data [41], as shown in Fig. 3.…”
Section: A Blockchain Structure and Key Componentsmentioning
confidence: 99%
“…Review papers detailing the state of the art in the development of consensus mechanisms can be found in [48][49][50].…”
Section: F Other Consensus Algorithmsmentioning
confidence: 99%
“…In fact, blockchain relies principally on consensus algorithms which are considered the backbone of the blockchain. Consensus algorithms are "protocol sets that provide a technique with the help of which the users or machines can coordinate in a distributed and decentralised setting" [23]. In the absence of the central governing authority in blockchain, consensus algorithms' main role is to ensure the collective agreement by the majority of the blockchain entities on the blockchain about any action attempted to occur.…”
Section: Introductionmentioning
confidence: 99%
“…Hence, there are many forms of consensus that help to fit these requirements. The proof-of-work (PoW), the proof-of-stake (PoS), and the proof-of-authority (PoA) are the most popular consensus algorithms [22,23].…”
Section: Introductionmentioning
confidence: 99%
See 1 more Smart Citation