Affiliation:
1. Odessa National Polytechnic University Institute of Computer Systems Institute of Computer Systems Odesa Ukraine
2. Odessa I.I. Mechnikov National University Faculty of Mathematics, Physics and Information Technologies Odesa Ukraine
Abstract
AbstractA consensus protocol is a crucial mechanism of distributed networks by which nodes can coordinate their actions and the current state of data. This article describes a BlockDAG consensus algorithm based on the Proof of Stake approach. The protocol provides network participants with cross‐voting for the order of blocks, which, in the case of a fair vote, guarantees a quick consensus. Under conditions of dishonest behavior, cross‐voting ensures that violations will be quickly detected. In addition, the protocol assumes the existence of a Coordinating network containing information about the approved ordering, which qualitatively increases security and also serves to improve network synchronization.
Publisher
Institution of Engineering and Technology (IET)
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