The IRMA Community
Newsletters
Research IRM
Click a keyword to search titles using our InfoSci-OnDemand powered search:
|
A Brief Analysis of Blockchain Algorithms and Its Challenges
Abstract
Blockchain is the world's most trusted service. It serves as a ledger that allows transaction to take place in a decentralized manner. There are so many applications based on blockchain technology, including those covering numerous fields like financial services, non-financial services, internet of things (IoT), and so on. Blockchain combines a distributed database and decentralized ledger without the need of verification by central authority. This chapter surveys the different consensus algorithms, blockchain challenges, and their scope. There are still many challenges of this technology, such as scalability and security problems, waiting to be overcome. The consensus algorithms of blockchain are proof of work (POW), proof of stake (POS), ripple protocol consensus algorithm (RPCA), delegated proof of stake (dPOS), stellar consensus protocol (SCP), and proof of importance (POI). This chapter discusses the core concept of blockchain and some mining techniques, consensus problems, and consensus algorithms and comparison algorithms on the basis of performance.
Related Content
|
D. Lavanya, Divya Marupaka, Sandeep Rangineni, Shashank Agarwal, Latha Thammareddi, T. Shynu.
© 2024.
17 pages.
|
|
A. Sabarirajan, N. Arunfred, V. Bini Marin, Shouvik Sanyal, Rameshwaran Byloppilly, R. Regin.
© 2024.
14 pages.
|
|
P.S. Venkateswaran, M. Lishmah Dominic, Shashank Agarwal, Himani Oberai, Ila Anand, S. Suman Rajest.
© 2024.
16 pages.
|
|
Thangaraja Arumugam, R. Arun, R. Anitha, P. L. Swerna, R. Aruna, Vimala Kadiresan.
© 2024.
12 pages.
|
|
Thangaraja Arumugam, R. Arun, Sundarapandiyan Natarajan, Kiran Kumar Thoti, P. Shanthi, Uday Kiran Kommuri.
© 2024.
15 pages.
|
|
H. Hajra, G. Jayalakshmi.
© 2024.
17 pages.
|
|
H. Hajra, G. Jayalakshmi.
© 2024.
19 pages.
|
|
|