Comparative Analysis of Consensus Algorithms in Blockchain Networks

Izdanje: Sinteza 2021 - International Scientific Conference on Information Technology and Data Related Research

DOI: 10.15308/Sinteza-2021-128-133

Oblast: Information Secuity and Advanced Engineeing Systems Session

Stranice: 128-133

Apstrakt:
Since 2009, with the invention of Bitcoin, the usage of blockchain technology is constantly increasing. From its initial financial use case, blockchain as a decentralized data storage system has grown to an entirely new information ecosystem and has been successfully applied in a wide range of applications in other industrial sectors, outside of finance. Given that the data is decentralized, the computer nodes participating in the network are in charge of adding new data to the blockchain, the authenticity of which is determined by consensus algorithms as a mechanism for maintaining data integrity. Bearing that in mind, consensus algorithms and their application are crucial for the reliability and data security in a blockchain. The aim of this paper is to perform an analysis of currently most used consensus algorithms, as well as their impact on key blockchain attributes.
Ključne reči: Blockchain, Consensus algorithm, Decentralization.
Priložene datoteke:
  • 128-133 ( veličina: 319,55 KB, broj pregleda: 316 )

Preuzimanje citata:

BibTeX format
@article{article,
  author  = {L. Lukić, N. Kojic and M. Veinović}, 
  title   = {Comparative Analysis of Consensus Algorithms in Blockchain Networks },
  journal = {Sinteza 2021 - International Scientific Conference on Information Technology and Data Related Research},
  year    = 2021,
  pages   = {128-133},
  doi     = {10.15308/Sinteza-2021-128-133}
}
RefWorks Tagged format
RT Conference Proceedings
A1 Luka Lukić
A1 Nenad Kojic
A1 Mladen Veinović
T1 Comparative Analysis of Consensus Algorithms in Blockchain Networks 
AD Univerzitet Singidunum, Beograd, Beograd, Srbija
YR 2021
NO doi: 10.15308/Sinteza-2021-128-133
Unapred formatirani prikaz citata
L. Lukić, N. Kojic and M. Veinović, Comparative Analysis of Consensus Algorithms in Blockchain Networks , Univerzitet Singidunum, Beograd, 2021, doi:10.15308/Sinteza-2021-128-133