| dc.contributor.author |
Chamola, Vinay |
|
| dc.date.accessioned |
2023-03-20T05:41:32Z |
|
| dc.date.available |
2023-03-20T05:41:32Z |
|
| dc.date.issued |
2022-10 |
|
| dc.identifier.uri |
https://ieeexplore.ieee.org/abstract/document/9916514 |
|
| dc.identifier.uri |
http://dspace.bits-pilani.ac.in:8080/xmlui/handle/123456789/9847 |
|
| dc.description.abstract |
The popularity of Blockchain is rising on account of its far-reaching applications in diverse industries. However, recently, blockchain has seen a rise of energy extensive mining pools which is leading to centralization, contradicting the basic blockchain tenet of decentralization. This letter proposes a novel consensus algorithm using Proof of Majority (PoM), to increase decentralization and to eliminate resource-intensive tasks leading to a reduced carbon footprint. We have evaluated the proposed algorithm in terms of latency and throughput. The proposed consensus algorithm outperforms popular existing consensus algorithms. |
en_US |
| dc.language.iso |
en |
en_US |
| dc.publisher |
IEEE |
en_US |
| dc.subject |
EEE |
en_US |
| dc.subject |
Blockchains |
en_US |
| dc.subject |
Proof of majority |
en_US |
| dc.subject |
Decentralization |
en_US |
| dc.subject |
Consensus algorithm and peer-to-peer computing |
en_US |
| dc.title |
Novel Consensus Algorithm for Blockchain Using Proof-of-Majority (PoM) |
en_US |
| dc.type |
Article |
en_US |