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Research on Consensus Mechanism for Anti-mining Concentration

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Book cover Communications, Signal Processing, and Systems (CSPS 2018)

Part of the book series: Lecture Notes in Electrical Engineering ((LNEE,volume 516))

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Abstract

Based on the analysis of the existing consensus mechanism of blockchain, this paper proposes a POWS mechanism based on the adjustment of workload. In the POW consensus mechanism, the concept of coinage is introduced to adjust the mining difficulty of different nodes. The POWS adjusts the mining difficulty through two factors: calculation force and coinage. The POWS is compared with the POW and the POS in two aspects, the basic performance and the ability to resist the mining pool. The experimental results show that the POWS consensus mechanism can meet the performance requirements of normal blockchain system, at the same time it can better diminish the impact of calculation force and coinage on block generate efficiency, narrow the efficiency gap between the mining pool nodes and the non-mineral pool nodes, and reduce the interest of the mining pool to non-mineral pool nodes.

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Author information

Authors and Affiliations

  1. Information college, Dalian Maritime University, Dalian, 116000, China

    Kailing Sui, Chaozhi Yang & Zhihuai Li

Authors
  1. Kailing Sui
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  2. Chaozhi Yang
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  3. Zhihuai Li
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Corresponding author

Correspondence to Zhihuai Li .

Editor information

Editors and Affiliations

  1. Department of Electrical Engineering, University of Texas at Arlington, Arlington, TX, USA

    Qilian Liang

  2. School of Information and Communication Engineering, Dalian University of Technology, Dalian, China

    Xin Liu

  3. School of Information Science and Technology, Dalian Maritime University, Dalian, China

    Zhenyu Na

  4. College of Electronic and Communication Engineering, Tianjin Normal University, Tianjin, China

    Wei Wang

  5. College of Electronic and Communication Engineering, Tianjin Normal University, Tianjin, China

    Jiasong Mu

  6. College of Electronic and Communication Engineering, Tianjin Normal University, Tianjin, China

    Baoju Zhang

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© 2020 Springer Nature Singapore Pte Ltd.

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Sui, K., Yang, C., Li, Z. (2020). Research on Consensus Mechanism for Anti-mining Concentration. In: Liang, Q., Liu, X., Na, Z., Wang, W., Mu, J., Zhang, B. (eds) Communications, Signal Processing, and Systems. CSPS 2018. Lecture Notes in Electrical Engineering, vol 516. Springer, Singapore. https://doi.org/10.1007/978-981-13-6504-1_59

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  • DOI: https://doi.org/10.1007/978-981-13-6504-1_59

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  • Publisher Name: Springer, Singapore

  • Print ISBN: 978-981-13-6503-4

  • Online ISBN: 978-981-13-6504-1

  • eBook Packages: EngineeringEngineering (R0)

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