Comparative Performance Analysis of the Nakamoto Consensus Algorithm in Blockchain Environment Using Different Processor Architectures

This research study provides a comprehensive evaluation of the performance of various hardware configurations in assessing Satoshi Nakamoto's consensus mechanisms, specifically Proof of Work (PoW). The analysis focuses on different processors, including those from Intel, AMD Ryzen, and Apple's M-series chips. In blockchain systems, Proof of Work (PoW) necessitates substantial processing power to securely and efficiently solve complex mathematical puzzles. The research evaluates systems both with and without dedicated Graphics Processing Units (GPUs) to determine the influence of GPU integration on addressing the puzzle inherent in Proof of Work (PoW). Key factors influencing performance are analyzed, including processor architecture, which governs the internal structure and capabilities of the chip; core count, which determines how many simultaneous operations a processor can handle; and clock speed, which reflects the rate at which a processor can execute instructions,influences the hash rate (H/s), or the number of hashing operations it can perform per second and GPU integration, The results demonstrate that the performance analysis of different processors was measured in terms of milliseconds (ms), providing a clear comparison of computational efficiency across various hardware configurations.

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Published
2024-12-12
DOI
https://doi.org/10.1109/icuis64676.2024.10866772
Primary Topic
Optimization and Search Problems
Type
article
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article

Comparative Performance Analysis of the Nakamoto Consensus Algorithm in Blockchain Environment Using Different Processor Architectures

Mohaideen Pitchai K, BVS Praveen, Aravindh Raj B, K Venkadesh
Optimization and Search Problems
article

Comparative Performance Analysis of the Nakamoto Consensus Algorithm in Blockchain Environment Using Different Processor Architectures

Mohaideen Pitchai K, BVS Praveen, Aravindh Raj B, K Venkadesh
article en

Abstract

This research study provides a comprehensive evaluation of the performance of various hardware configurations in assessing Satoshi Nakamoto's consensus mechanisms, specifically Proof of Work (PoW). The analysis focuses on different processors, including those from Intel, AMD Ryzen, and Apple's M-series chips. In blockchain systems, Proof of Work (PoW) necessitates substantial processing power to securely and efficiently solve complex mathematical puzzles. The research evaluates systems both with and without dedicated Graphics Processing Units (GPUs) to determine the influence of GPU integration on addressing the puzzle inherent in Proof of Work (PoW). Key factors influencing performance are analyzed, including processor architecture, which governs the internal structure and capabilities of the chip; core count, which determines how many simultaneous operations a processor can handle; and clock speed, which reflects the rate at which a processor can execute instructions,influences the hash rate (H/s), or the number of hashing operations it can perform per second and GPU integration, The results demonstrate that the performance analysis of different processors was measured in terms of milliseconds (ms), providing a clear comparison of computational efficiency across various hardware configurations.

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Openalex Percentile: Top 68%
Optimization and Search Problems
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