Evaluating the network traffic on an improved version of the Committeeless Proof-of-Stake blockchain consensus algorithm

Blockchain is a powerful way to store and process data in a decentralized way. Among its consensus algorithms, Committeeless Proof-of-Stake (CPoS) is a promising alternative to the better-known Proof-of-Work and Proof-of-Stake, with its reduced power consumption and more straightforward design without validation committees. However, CPoS is still an emerging algorithm and requires more testing to validate its correctness and efficiency. One of the problems it has to deal with is the higher network traffic compared to similar approaches due to the larger number of messages sent. This article aims to modify CPoS in order to reduce the data traffic and improve its performance.

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Published
2024-09-16
DOI
https://doi.org/10.5753/sbseg_estendido.2024.243386
Primary Topic
Blockchain Technology Applications and Security
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article
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article

Evaluating the network traffic on an improved version of the Committeeless Proof-of-Stake blockchain consensus algorithm

Marco Aurélio Amaral Henriques, George Gigilas, Filipe Franco Ferreira
Blockchain Technology Applications and Security
article

Evaluating the network traffic on an improved version of the Committeeless Proof-of-Stake blockchain consensus algorithm

Marco Aurélio Amaral Henriques, George Gigilas, Filipe Franco Ferreira
article en

Abstract

Blockchain is a powerful way to store and process data in a decentralized way. Among its consensus algorithms, Committeeless Proof-of-Stake (CPoS) is a promising alternative to the better-known Proof-of-Work and Proof-of-Stake, with its reduced power consumption and more straightforward design without validation committees. However, CPoS is still an emerging algorithm and requires more testing to validate its correctness and efficiency. One of the problems it has to deal with is the higher network traffic compared to similar approaches due to the larger number of messages sent. This article aims to modify CPoS in order to reduce the data traffic and improve its performance.

Hospital de Clínicas da Unicamp (BR)
Affordable and clean energy
Openalex Percentile: Top 75%
Blockchain Technology Applications and Security
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Evaluating the network traffic on an improved version of the Committeeless Proof-of-Stake blockchain consensus algorithm — Marco Aurélio Amaral Henriques, George Gigilas, et al. · (2024) | TGRS Research Map | TGRS