Optimization of blockchain consensus mechanism based on DPOS

Zhiping Li; Jin Li; Fanjie Nie; Bo Zhang; Jian Guo

doi:10.1117/12.3006759

26 September 2023 Optimization of blockchain consensus mechanism based on DPOS

Zhiping Li, Jin Li, Fanjie Nie, Bo Zhang, Jian Guo

Proceedings Volume 12793, International Conference on Mechatronics and Intelligent Control (ICMIC 2023); 127931Q (2023) https://doi.org/10.1117/12.3006759
Event: International Conference on Mechatronics and Intelligent Control (ICMIC2023), 2023, Wuhan, China

Abstract

Blockchain uses encryption algorithms, consensus mechanisms and complex mathematical methods to achieve open and transparent data transmission, traceability of information content and tamper resistance, and can provide participants with good internal conditions and external environment, thereby promoting the establishment of credit. The basis of the blockchain lies in the consensus mechanism. The blockchain is a decentralized information storage technology, on which all nodes (participants) can communicate with each other to achieve and agree to the purpose of data sharing, that is, all nodes on the chain can share the ledger in the blockchain network., so all data on the chain is open and credible. This paper takes the consensus mechanism of the blockchain as the main research content, uses the literature research method and the experience summary method to analyze and study the consensus mechanism algorithm, and explores its application in the blockchain, and analyzes the performance of the DPoS consensus mechanism. Finally, an improved blockchain consensus algorithm is proposed to achieve the purpose of optimizing the blockchain consensus mechanism.

(2023) Published by SPIE. Downloading of the abstract is permitted for personal use only.

Citation Download Citation

Zhiping Li, Jin Li, Fanjie Nie, Bo Zhang, and Jian Guo "Optimization of blockchain consensus mechanism based on DPOS", Proc. SPIE 12793, International Conference on Mechatronics and Intelligent Control (ICMIC 2023), 127931Q (26 September 2023); https://doi.org/10.1117/12.3006759

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