Blockchain: Consensus Algorithm Key Performance Indicators, Trade-Offs, Current Trends, Common Drawbacks, and Novel Solution Proposals

نویسندگان

چکیده

Consensus protocols stand behind the success of blockchain technology. This is because parties that distrust each other can make secure transactions without oversight a central authority. The first consensus protocol emerged with Bitcoin. Since then, many others have appeared. Some them been implemented by official platforms, whereas others, for time being, remain as proposals. A trade-off. new solutions promise to overcome known drawbacks blockchain, but they may also bring vulnerabilities. Moreover, performance metrics are not clearly defined, some metrics, such delay and throughput, which key factors efficiency standard networks, purposely constrained most mainstream platforms. main body this paper consolidates knowledge blockchains, focusing on seminal in large-scale market capitalization how achieved large-scale, decentralized, architectures. benefits, limitations, tradeoffs, well subsequent trend current development, its limitations general paradigm, highlighted. sheds light overlooked potential it proposes novel identified problems.

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ژورنال

عنوان ژورنال: Mathematics

سال: 2022

ISSN: ['2227-7390']

DOI: https://doi.org/10.3390/math10152754