Equity decentralized consensus algorithm based on incentive compatibility
The PoW consensus algorithm has been proved to be incentive incompatible, existing computing centralization under high reward differences and slow convergence of forks in extreme cases.Based on this, an incentive-compatiblebased consensus algorithm SSPoW was proposed.By introducing local solutions t...
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| Format: | Article |
| Language: | zho |
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Editorial Department of Journal on Communications
2022-12-01
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| Series: | Tongxin xuebao |
| Subjects: | |
| Online Access: | http://www.joconline.com.cn/zh/article/doi/10.11959/j.issn.1000-436x.2022232/ |
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| _version_ | 1841539970195521536 |
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| author | Youliang TIAN Yansen YUAN Hongfeng GAO Yang YANG Jinbo XIONG |
| author_facet | Youliang TIAN Yansen YUAN Hongfeng GAO Yang YANG Jinbo XIONG |
| author_sort | Youliang TIAN |
| collection | DOAJ |
| description | The PoW consensus algorithm has been proved to be incentive incompatible, existing computing centralization under high reward differences and slow convergence of forks in extreme cases.Based on this, an incentive-compatiblebased consensus algorithm SSPoW was proposed.By introducing local solutions to calculate the computing power aggregated on the block chain, the explicit quantification of computing power was used to speed up the convergence of the fork, thus satisfying the consistency of the blockchain.Incentive compatibility was achieved by improving the reward scheme, which reduced the problem of computing centralization caused by high reward differences.Simulation results prove that the proposed algorithm could effectively reduce the reward differences and is more efficient than the traditional PoW consensus algorithm, which has positive implications for improving system security and consensus efficiency. |
| format | Article |
| id | doaj-art-50fc217a5e5d48f0bb9514396aa296d1 |
| institution | Kabale University |
| issn | 1000-436X |
| language | zho |
| publishDate | 2022-12-01 |
| publisher | Editorial Department of Journal on Communications |
| record_format | Article |
| series | Tongxin xuebao |
| spelling | doaj-art-50fc217a5e5d48f0bb9514396aa296d12025-01-14T06:28:37ZzhoEditorial Department of Journal on CommunicationsTongxin xuebao1000-436X2022-12-014310111259391013Equity decentralized consensus algorithm based on incentive compatibilityYouliang TIANYansen YUANHongfeng GAOYang YANGJinbo XIONGThe PoW consensus algorithm has been proved to be incentive incompatible, existing computing centralization under high reward differences and slow convergence of forks in extreme cases.Based on this, an incentive-compatiblebased consensus algorithm SSPoW was proposed.By introducing local solutions to calculate the computing power aggregated on the block chain, the explicit quantification of computing power was used to speed up the convergence of the fork, thus satisfying the consistency of the blockchain.Incentive compatibility was achieved by improving the reward scheme, which reduced the problem of computing centralization caused by high reward differences.Simulation results prove that the proposed algorithm could effectively reduce the reward differences and is more efficient than the traditional PoW consensus algorithm, which has positive implications for improving system security and consensus efficiency.http://www.joconline.com.cn/zh/article/doi/10.11959/j.issn.1000-436x.2022232/consensus algorithmcooperative miningfork convergencerewarding scheme |
| spellingShingle | Youliang TIAN Yansen YUAN Hongfeng GAO Yang YANG Jinbo XIONG Equity decentralized consensus algorithm based on incentive compatibility Tongxin xuebao consensus algorithm cooperative mining fork convergence rewarding scheme |
| title | Equity decentralized consensus algorithm based on incentive compatibility |
| title_full | Equity decentralized consensus algorithm based on incentive compatibility |
| title_fullStr | Equity decentralized consensus algorithm based on incentive compatibility |
| title_full_unstemmed | Equity decentralized consensus algorithm based on incentive compatibility |
| title_short | Equity decentralized consensus algorithm based on incentive compatibility |
| title_sort | equity decentralized consensus algorithm based on incentive compatibility |
| topic | consensus algorithm cooperative mining fork convergence rewarding scheme |
| url | http://www.joconline.com.cn/zh/article/doi/10.11959/j.issn.1000-436x.2022232/ |
| work_keys_str_mv | AT youliangtian equitydecentralizedconsensusalgorithmbasedonincentivecompatibility AT yansenyuan equitydecentralizedconsensusalgorithmbasedonincentivecompatibility AT hongfenggao equitydecentralizedconsensusalgorithmbasedonincentivecompatibility AT yangyang equitydecentralizedconsensusalgorithmbasedonincentivecompatibility AT jinboxiong equitydecentralizedconsensusalgorithmbasedonincentivecompatibility |