2020
DOI: 10.20944/preprints202011.0355.v1
|View full text |Cite
Preprint
|
Sign up to set email alerts
|

A Study on Public Blockchain Consensus Algorithms: A Systematic Literature Review

Abstract: The purpose of this study is to present a systematic review of the literature on public blockchain consensus algorithms. Blockchain consensus algorithms have gain much popularity in last few years especially in the cryptocurrency field. Based on a systematic review of the relevant literature, we provide a classification of blockchain consensus algorithms, philosophy behind creation of blockchain consensus algorithms and as well as the rewards and incentive strategies of various public blockchain consensus algo… Show more

Help me understand this report

Search citation statements

Order By: Relevance

Paper Sections

Select...
2
1
1
1

Citation Types

0
5
0

Year Published

2021
2021
2023
2023

Publication Types

Select...
6
3

Relationship

3
6

Authors

Journals

citations
Cited by 9 publications
(5 citation statements)
references
References 21 publications
0
5
0
Order By: Relevance
“…Its future proof of stake (PoS) mechanism will be built so that anybody may participate in block generation, just as in Bitcoin [ 101 ]. Proof of stake might be better than Bitcoin’s proof of work because the user does not need to buy costly equipment to participate in building blocks [ 102 ]. Consequently, the network will become more decentralized as the distribution of block producers becomes more diverse.…”
Section: Background Knowledgementioning
confidence: 99%
“…Its future proof of stake (PoS) mechanism will be built so that anybody may participate in block generation, just as in Bitcoin [ 101 ]. Proof of stake might be better than Bitcoin’s proof of work because the user does not need to buy costly equipment to participate in building blocks [ 102 ]. Consequently, the network will become more decentralized as the distribution of block producers becomes more diverse.…”
Section: Background Knowledgementioning
confidence: 99%
“…According to this approach, Blockchain becomes a tool that opens up opportunities for interaction and cooperation without intermediaries. This leads to an increase in the autonomy and self-organisation of the individual in a meta-universe where each person has the ability to control their data and their own identity (Minoli & Occhiogrosso, 2018;Ishmaev, 2017;Jalal, Shukur & Bakar, 2020).…”
Section: Interoperabilitymentioning
confidence: 99%
“…The authors in [17,18] suggest a multi-tier Blockchain base system for sharing data between communities and individuals for users and IoT gadgets. The mentioned design has three key components: data management protocol, data storage mechanism, and message services.…”
Section: ) Access Control Depending On the Transactionmentioning
confidence: 99%