Blockchain Architecture Based on Decentralised PoW Algorithm

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Title: Blockchain Architecture Based on Decentralised PoW Algorithm
Authors: Pascual Cáceres, Cinthia P. | Berna-Martinez, Jose Vicente | Maciá Pérez, Francisco | Lorenzo Fonseca, Iren | Almaral Martínez, María E.
Research Group/s: GrupoM. Redes y Middleware
Center, Department or Service: Universidad de Alicante. Departamento de Tecnología Informática y Computación
Keywords: Blockchain technology | Proof of work | Consensus algorithm | Proof of stake | Dissociated-PoW | Security | Performance
Issue Date: 2023
Publisher: SAI Organization
Citation: International Journal of Advanced Computer Science and Applications (IJACSA). 2023, 14(7): 697-705.
Abstract: Blockchain has gained increasing popularity across various industries due to its decentralized, stable, and secure nature. Consensus algorithms play a crucial role in maintaining the security and efficiency of Blockchain systems and selecting the right algorithm can lead to significant performance improvements. This article aims to provide a comparative review of the most used Blockchain consensus algorithms, highlighting their strengths and weaknesses. Additionally, we propose a dissociated architecture for an efficient Blockchain system that doesn't compromise on security. A comparison is made between this architecture and the reviewed algorithms, considering aspects such as algorithm performance, energy consumption, mining, decentralization level, and vulnerability to security threats. The research findings demonstrate that the proposed architecture can support complex algorithms with high security while addressing issues related to efficiency, processing performance, and energy consumption.
ISSN: 2158-107X (Print) | 2156-5570 (Online)
DOI: 10.14569/IJACSA.2023.0140776
Language: eng
Type: info:eu-repo/semantics/article
Rights: This is an open access article licensed under a Creative Commons Attribution 4.0 International License, which permits unrestricted use, distribution, and reproduction in any medium, even commercially as long as the original work is properly cited.
Peer Review: si
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Appears in Collections:INV - GrupoM - Artículos de Revistas

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