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2021 | OriginalPaper | Buchkapitel

A Survey on Blockchain Technologies and Its Consensus Algorithms

verfasst von : Rahul Katarya, Vinay Kumar Vats

Erschienen in: Recent Innovations in Computing

Verlag: Springer Singapore

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Abstract

The evolution and development in blockchain technologies have attracted both research academia and industries. A typical blockchain stores data in a permanent and immutable way in form of blocks connecting, forming a chain of data. The whole system is made decentralized so that anyone connected to the network can verify the data, defining its P2P distributed nature. Blockchain has many components among which the core component is consensus protocol. This protocol is responsible for the security and performance of the blockchain. The consensus protocol introduced by Nakamoto in Bitcoin led the foundation stone for more innovative alternative consensus mechanisms. In this paper, we will conduct a systematic review of blockchain technology and its consensus algorithms and further analyze them based on some essential features and factors.

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Titel: A Survey on Blockchain Technologies and Its Consensus Algorithms
verfasst von: Rahul Katarya
Vinay Kumar Vats
Verlag: Springer Singapore
Buch: Recent Innovations in Computing
Print ISBN: 978-981-15-8296-7

Electronic ISBN: 978-981-15-8297-4

Copyright-Jahr: 2021
DOI: https://doi.org/10.1007/978-981-15-8297-4_59

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