Research on Distributed Energy Consensus Mechanism Based on Blockchain in Virtual Power Plant

Wang, Dewen; Zhao, Wang; Lian, Xin

doi:10.3390/s22051783

Cited by 19 publications

(7 citation statements)

References 30 publications

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“…To achieve consensus, PBFT relies on exchanges of messages and rounds. As long as more than two-thirds of the nodes operate honestly, PBFT guarantees agreement on the state of the blockchain [80]. This algorithm finds common utilization in permissioned blockchain networks where participants are both known and trusted.…”

Section: D: Practical Byzantine Fault Tolerance (Pbft)mentioning

confidence: 98%

A Comprehensive Analysis of Blockchain Technology and Consensus Protocols Across Multilayered Framework

Rifat Hossain,

Nirob,

Islam

et al. 2024

IEEE Access

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Blockchain, a distributed and digital ledger technology, has the potential to transform several industries from cryptocurrencies to supply chains. However, the complexity of understanding the technology can be a challenge for most people, especially for newcomers. This study paper aims to provide an indepth analysis and review of the different layers including the data, network, consensus, smart contract, and application layers. In this paper, we performed an in-depth analysis and review of the components of each layer. We also tried to simulate different consensus algorithms so a reader can understand which blockchain consensus algorithm can be chosen for a specific application. By reading this paper, a reader can understand the blockchain architecture and choose the right algorithms, languages and protocols for building their own blockchain network. The paper also addresses the challenges and difficulties of building a sustainable and secure blockchain. We believe that the choice of consensus algorithm is the most important thing for sustainability in a blockchain network. We show that some consensus algorithms use much more energy than others, and we suggest that developers choose consensus algorithms that use less energy. This paper is a great resource for anyone who wants to learn more about blockchain architecture and consensus algorithms. It gives a complete review of the subject and talks about the difficulties of making a blockchain that will be secure and sustainable. Researchers, developers, and anyone else interested in the future of blockchain technology will be interested in this study.

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Section: D: Practical Byzantine Fault Tolerance (Pbft)mentioning

confidence: 98%

A Comprehensive Analysis of Blockchain Technology and Consensus Protocols Across Multilayered Framework

Rifat Hossain,

Nirob,

Islam

et al. 2024

IEEE Access

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“…Li et al [7] analyzed smart contracts, consensus mechanisms, and the game theory, and how to apply them in the P2P scenarios of internal transactions in VPP. Wang et al [8] proposed a blockchain network for VPP, solving the DERs coordination problem in VPP and the security and efficiency problems in information transmission. Cioara et al [9] proposed to use public blockchain and self-enforcing smart contracts to construct VPP prosumers to provide energy services.…”

Section: Related Workmentioning

confidence: 99%

“…( 7) Blockchain 2 B returns relevant proofs to 2 R . (8) 2 R forwards the transaction receipt and the Merkle tree proof of the transaction and receipt to 1 R . (9) 1 R verifies the Merkle tree proof of the transaction and receipt.…”

Section: Data Verification and Publishing To Blockchainmentioning

confidence: 99%

Interaction model of virtual power plant based on multichain architecture

Zhang,

Su,

et al. 2024

Eighth International Conference on Energy System, Electricity, and Power (ESEP 2023)

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This paper studies multi-chain architecture supporting reliable message transmission for virtual power plants (VPP). We present a formal model, including network assumptions, security requirements, and a scheme using blockchains and cryptography. In particular, we use cross-chain routers and blockchain adapters, combined with the Merkle tree-proof mechanism, to realize cross-chain communication between internal resources of the virtual power plant. Finally, we give the applied theoretical and experimental analyses. The results show that our solution is effective.

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“…A public chain is a completely open blockchain where participants can access the system at any time for data reading, trading, sending and confirming, competing bookkeeping [3], and system maintenance.…”

Section: Overview Of Blockchainmentioning

confidence: 99%

Application of blockchain technology in the renovation management of old neighborhoods

Yu¹

2023

FCIS

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In the old neighborhood renovation process in the past, because of the large amount of funds involved, cumbersome procedures and processes, many participating units and independent databases of different government departments, it directly leads to a series of problems such as the difficulty of data information integration. Blockchain has the characteristics of non-tampering, traceability and decentralization. In this context, applying blockchain technology to the management process of old neighborhood renovation has become a new idea.

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Research on Distributed Energy Consensus Mechanism Based on Blockchain in Virtual Power Plant

Cited by 19 publications

References 30 publications

A Comprehensive Analysis of Blockchain Technology and Consensus Protocols Across Multilayered Framework

A Comprehensive Analysis of Blockchain Technology and Consensus Protocols Across Multilayered Framework

Interaction model of virtual power plant based on multichain architecture

Application of blockchain technology in the renovation management of old neighborhoods

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