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2019•Unpublished venueRequires access

Consensus Algorithm for a Private Blockchain

Lucas Bouvarel, Rafael Páez

Open publisher page 17 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.

About this research paper

What this paper is about

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.

Why it matters

OpenAlex reports 17 citations for this work. Citation counts describe recorded attention and do not establish research quality.

Key contribution

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Method / approach

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Available 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.

Key concepts: Blockchain, Computer science, Consensus algorithm, Algorithm, Theoretical computer science, Computer security

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