Managing Security Services in Heterogenous Networks

4Proof of Virtue: Nonce-Free Hash Generation in Blockchain

J. JAYAPRIYA AND N. JEYANTHI

School of Information Technology and Engineering, VIT, Vellore, India

Contents

Highlights

4.1    Consensus Mechanisms: An Introduction

4.2    Distributed Consensus Algorithms

4.2.1    Nakamoto Consensus (Proof of Work)

4.2.1.1    Protocol Design

4.2.1.2    Limitations

4.3    Proposed Model: Proof of Virtue

4.3.1    New User Joining the Network

4.3.2    Performance Requirements

4.3.3    Advantages

4.3.4    Limitations

4.4    Conclusion and Future Work

References

Highlights

1. Computational and other energy resource waste is brought down due to the removal of nonce (puzzle) generation in the hash generation process.
2. Mining power does not play any role in ...