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Delegated Proof of Reputation: a Novel Blockchain Consensus

Published: 07 July 2019 Publication History

Abstract

Consensus mechanism is the heart of any blockchain network. Many projects have proposed alternative protocols to improve restricted scalability of Proof of Work originated since Bitcoin. As an improvement of Delegated Proof of Stake, in this paper, we introduce a novel consensus, namely, Delegated Proof of Reputation, which is scalable, secure with an acceptable decentralization. Our innovative idea is replacing pure coin-staking by a reputation ranking system essentially based on ranking theories (PageRank, NCDawareRank and HodgeRank).

References

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Athanasios N. Nikolakopoulos, John D. Garofalakis. NCDawareRank: A novel ranking method that exploits the decomposable structure of the web. In Proceedings of the sixth ACM international conference on Web search and data mining (ACM WSDM '13), Rome, Italy (2013).
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L. Page, S. Brin, R. Motwani, and T. Winograd. The pagerank citation ranking: Bringing order to the web. Technical Report 1999--66, Stanford InfoLab, 1999.
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NEM: technical reference. https://nem.io/technology/
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Qianqian Xu, Jiechao Xiong, Qingming Huang and Yuan Yao. Online HodgeRank on Random Graphs for Crowdsourceable QoE Evaluation. IEEE TRANSACTIONS ON MULTIMEDIA, VOL. 16, NO. 2, 2014.
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Satoshi Nakamoto, 2008. Bitcoin: A Peer-to-Peer Electronic Cash System. https://bitcoin.org/bitcoin.pdf
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William Suberg, "Huobi on Alleged EOS Mutual Voting Scandal: No Financial Contracts Involved," Oct. 02, 2018, Cointelegraph. https://cointelegraph.com/news/huobi-on-alleged-eos-mutual-voting-scandal-no-financial-contracts-involved.
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Xiaoye Jiang, Lek-Heng Lim, Yuan Yao, Yinyu Ye. Statistical ranking and combinatorial Hodge theory. Math. Program. (2011) 127: 203.
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https://medium.com/@eosasia/what-is-cpu-what-is-ram-and-how-does-the-eos-blockchain-utilize-these-resources-a7a52e158652

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cover image ACM Other conferences
IECC '19: Proceedings of the 1st International Electronics Communication Conference
July 2019
163 pages
ISBN:9781450371773
DOI:10.1145/3343147
Permission to make digital or hard copies of all or part of this work for personal or classroom use is granted without fee provided that copies are not made or distributed for profit or commercial advantage and that copies bear this notice and the full citation on the first page. Copyrights for components of this work owned by others than ACM must be honored. Abstracting with credit is permitted. To copy otherwise, or republish, to post on servers or to redistribute to lists, requires prior specific permission and/or a fee. Request permissions from [email protected]

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Association for Computing Machinery

New York, NY, United States

Publication History

Published: 07 July 2019

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Author Tags

  1. Bitcoin
  2. Blockchain
  3. Delegated Proof of Reputation
  4. Delegated Proof of Stake
  5. Ethereum
  6. HodgeRank
  7. NCDawareRank
  8. PageRank
  9. Proof of Stake
  10. Proof of Work
  11. consensus
  12. decentralization

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IECC ' 19

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  • (2024)Enhancing Global Blockchain Privacy via a Digital Mutual Trust MechanismMathematics10.3390/math1210148112:10(1481)Online publication date: 10-May-2024
  • (2024)Two-Stage Credit Management for Peer-to-Peer Electricity Trading in Consortium BlockchainIEEE Transactions on Industrial Informatics10.1109/TII.2023.331617720:3(3868-3879)Online publication date: Mar-2024
  • (2024)LinguaChain: a Peer-to-peer Dynamic Decentralized Large Language Model with Coin-based Incentives2024 XXVII International Conference on Soft Computing and Measurements (SCM)10.1109/SCM62608.2024.10554241(178-181)Online publication date: 22-May-2024
  • (2024)A Survey on Blockchain for Dynamic Spectrum SharingIEEE Open Journal of the Communications Society10.1109/OJCOMS.2024.33762335(1753-1802)Online publication date: 2024
  • (2024)Proof of Reputation Blockchain Protocol for IoT2024 14th International Conference on Electrical Engineering (ICEENG)10.1109/ICEENG58856.2024.10566384(270-275)Online publication date: 21-May-2024
  • (2024)Towards True Decentralization: Development, Testing and Evaluation of a Novel Blockchain Consensus ProtocolAsia Pacific Advanced Network10.1007/978-3-031-51135-6_8(86-99)Online publication date: 3-Jan-2024
  • (2023)Sybil in the Haystack: A Comprehensive Review of Blockchain Consensus Mechanisms in Search of Strong Sybil Attack ResistanceAlgorithms10.3390/a1601003416:1(34)Online publication date: 6-Jan-2023
  • (2023)GuRuChain: Guarantee and Reputation-based Blockchain Service Trading Platform2023 IFIP Networking Conference (IFIP Networking)10.23919/IFIPNetworking57963.2023.10186408(1-9)Online publication date: 12-Jun-2023
  • (2023)Merkez Bankası Dijital Para Birimi: Tasarım ve Protokol Mekanizmaları Bağlamında Karşılaştırmalı Bir AnalizCentral Bank Digital Currency: A Comparative Analysis in the Context of Design and Protocol MechanismsBilişim Teknolojileri Dergisi10.17671/gazibtd.113263216:1(55-66)Online publication date: 31-Jan-2023
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