Cited By
View all- Platt MMcBurney P(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
An Improved Consensus Mechanism for the Blockchain Based on Credit Rewards and Punishments
Pages 105 - 109
Abstract
In the traditional Proof of Stake (PoS), the share of the currency owned by the node, that is, the share of the equity, determines the probability that the node is selected as the representative node. In each round of the block generation, a node is selected as the creator of the next block by the verification, and the selected creator will pack appropriate transactions into the block and publish it on the blockchain. However, in the network with poor synchronization, the traditional PoS produces multiple verified representative nodes in each round, which generates multiple blocks. Then the blockchain is easy to produce the bifurcation. Aiming at the bifurcation problem of PoS, we propose an improved voting method based on credit rewards and punishments to vote on multiple blocks. The block is selected by considering the credibility of the creator, the count of the obtained comprehensive votes and the transaction value of the block. Thereby it can ensure the consistency and the fairness of the blockchain network. In the same time, the malicious node is found and voted to be removed in time by counting the number of invalid blocks generated by the nodes. It can ensure the security of the blockchain network.
References
[1]
Zhong, P., Zhong, Q. K., Mi, H. B., et al. Privacy-Protected Blockchain System[C]. 20th IEEE International Conference on Mobile Data Management (MDM). IEEE, 2019: 457--461.
[2]
Scholar, P. G. College Fees Transaction Using Hash Functions of Blockchain Model[J]. IEEE, 2019.
[3]
Mohite, A., Acharya, A. Blockchain for Government Fund Tracking Using Hyperledger[C]. 2018 International Conference on Computational Techniques, Electronics and Mechanical Systems (CTEMS). IEEE, 2018: 231--234.
[4]
Bai, Y., Li, Z. H., Wu, K. N., et al. Researchain: Union Blockchain Based Scientific Research Project Management System[C]. 2018 Chinese Automation Congress (CAC). IEEE, 2018: 4206--4209.
[5]
Du, M. X., Ma, X. F., Zhang, Z., et al. A Review on Consensus Algorithm of Blockchain[C]. 2017 IEEE International Conference on Systems, Man, and Cybernetics (SMC). IEEE, 2017: 2567--2572.
[6]
Luo, Y. H., Chen, Y. Q., Chen, Q., et al. A New Election Algorithm for DPos Consensus Mechanism in Blockchain[C]. 7th International Conference on Digital Home (ICDH). IEEE, 2018: 116--120.
[7]
Tosh, D., Shetty, S., Foytik, P., et al. CloudPoS: A Proof-of-Stake Consensus Design for Blockchain Integrated Cloud[C]. 2018 IEEE 11th International Conference on Cloud Computing (CLOUD). IEEE, 2018: 302--309.
[8]
Li, K. J., Li, H., Hou, H. X., et al. Proof of vote: A High-Performance Consensus Protocol Based on Vote Mechanism & Consortium Blockchain[C]. 2017 IEEE 19th International Conference on High Performance Computing and Communications; IEEE 15th International Conference on Smart City; IEEE 3rd International Conference on Data Science and Systems (HPCC/SmartCity/DSS). IEEE, 2017: 466--473.
[9]
Borge, M., Kokoris-Kogias, E., Jovanovic, P., et al. Proof-of-Personhood: Redemocratizing Permissionless Cryptocurrencies[C]. 2017 IEEE European Symposium on Security and Privacy Workshops (EuroS&PW). IEEE, 2017: 23--26.
[10]
Puthal, D., Mohanty, S. P. Proof of Authentication: IoT-Friendly Blockchains[J]. IEEE Potentials, 2018, 38(1): 26--29.
[11]
Liu, Y., Ke, J., Jiang, H., et al. Improvement of PoS Consensus Mechanism in Blockchain Based on Shaple Value Calculation[J]. Journal of Computer Research and Development, 2018, 55(10): 116--126.
[12]
Kang, J. W., Xiong, Z. H., Niyato, D., et al. Incentivizing Consensus Propagation in Proof-of-Stake Based Consortium Blockchain Networks[J]. IEEE Wireless Communications Letters, 2018, 8(1): 157--160.
[13]
Gaži, P., Kiayias, A., Russell, A. Stake-Bleeding Attacks on Proof-of-Stake Blockchains[C]. Crypto Valley Conference on Blockchain Technology (CVCBT). IEEE, 2018: 85--92.
[14]
Vangulick, D., Cornélusse, B., Ernst, D. Blockchain: A Novel Approach for the Consensus Algorithm Using Condorcet Voting Procedure[J]. IEEE Computer society, 2019.
[15]
Leonardos, S., Reijsbergen, D., Piliouras, G. Weighted Voting on the Blockchain: Improving Consensus in Proof of Stake Protocols[J]. arXiv preprint arXiv: 1903.04213, 2019.
[16]
Matsubara, M., Kojima, T., Shimamura, K., et al. Node Status Monitoring and State Transition Mechanism for Network Centric X-by-Wire Systems[C]. 2009 International Symposium on Autonomous Decentralized Systems. IEEE, 2009: 1--6.
[17]
Zhang, Y., Li, X. H. Research and Implementation of an Improved Blockchain Consensus Mechanism[J]. Electronic Design Engineering, 2018, 26(1): 38--42.
Index Terms
- An Improved Consensus Mechanism for the Blockchain Based on Credit Rewards and Punishments
Recommendations
Proof-of-Contribution consensus mechanism for blockchain and its application in intellectual property protection
Highlights- A new consensus mechanism Proof-of-contribution was proposed for public blockchain.
- User behaviors were quantified as blockchain contribution values through an algorithm.
- The highest contribution node gets the right of bookkeeping ...
AbstractBlockchain has received a lot of attention recently for its characteristics of decentralization, immutability, traceability, etc., making it a promising technology for the development of various applications, especially the management of various ...
Overview of Blockchain Consensus Mechanism
BDE '20: Proceedings of the 2020 2nd International Conference on Big Data EngineeringThe advent of the Bitcoin system has brought another boom in the Internet era. In a very short time, many Blockchain systems come into being successively, whose decentration, consensus mechanisms, intelligent contract, and other characteristics make them ...
A Blockchain PoW Consensus Mechanism Based on Edge Computing in the IoVs
Edge Computing – EDGE 2024AbstractThe explosive increase of vehicles and the emergence of novel businesses such as driverless driving have presented fresh challenges to the data security of the IoVs (Internet of Vehicles). To ensure data security, a trusted decentralized ...
Comments
Information & Contributors
Information
Published In
March 2020
166 pages
ISBN:9781450377676
DOI:10.1145/3390566
Copyright © 2020 ACM.
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]
In-Cooperation
- Shanghai Jiao Tong University: Shanghai Jiao Tong University
- Huazhong University of Science and Technology
Publisher
Association for Computing Machinery
New York, NY, United States
Publication History
Published: 29 May 2020
Check for updates
Author Tags
Qualifiers
- Research-article
- Research
- Refereed limited
Conference
ICBCT'20
ICBCT'20: 2020 The 2nd International Conference on Blockchain Technology
March 12 - 14, 2020
HI, Hilo, USA
Contributors
Other Metrics
Bibliometrics & Citations
Bibliometrics
Article Metrics
- View Citations1Total Citations
- 264Total Downloads
- Downloads (Last 12 months)11
- Downloads (Last 6 weeks)0
Reflects downloads up to 02 Mar 2025
Other Metrics
Citations
Cited By
View all- Platt MMcBurney P(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
View Options
Login options
Check if you have access through your login credentials or your institution to get full access on this article.
Sign in