Modeling and Analysis of Proof-Based Strategies for Distributed Consensus in Blockchain-Based Peer-to-Peer Networks

Majed Abdullah Alrowaily (), Mansoor Alghamdi (), Ibrahim Alkhazi, Ahmad B. Hassanat, Musab Mutasim Saeed Arbab and Charles Z. Liu
Additional contact information
Majed Abdullah Alrowaily: Department of Computer Science, Applied College, University of Tabuk, Tabuk 47512, Saudi Arabia
Mansoor Alghamdi: Department of Computer Science, Applied College, University of Tabuk, Tabuk 47512, Saudi Arabia
Ibrahim Alkhazi: College of Computers & Information Technology, University of Tabuk, Tabuk 47512, Saudi Arabia
Ahmad B. Hassanat: Faculty of Information Technology, Mutah University, Karak 61710, Jordan
Musab Mutasim Saeed Arbab: Department of Administrative Sciences, Applied College, University of Tabuk, Tabuk 47512, Saudi Arabia
Charles Z. Liu: School of Electrical and Information Engineering, University of Sydney, Sydney, NSW 2008, Australia

Sustainability, 2023, vol. 15, issue 2, 1-23

Abstract: Blockchain technology has a wide range of applicability in the fields of transportation infrastructure construction and maintenance, transportation big data analysis and application, expressway toll collection, and logistics. The core technology lies in the distributed, decentralized, immutable, and programmable features brought about by consensus. This paper studies the dynamic analytical modeling of Proof-Based Consensus (PBC) strategies in blockchain systems, focusing on basic strategies, including Proof of Work (PoW), Proof of Stake (PoS), Proof of Authority (PoA), and Proof of Luck (PoL), which can be extended to other PBC models. We focus on modeling these typical strategies and discuss their solution characteristics in terms of algorithmic mechanisms and principles. The relevant results can be used for quantitative analysis and evaluation of distributed consensus based on the model.

Keywords: proof-based strategy; distributed consensus; Byzantine general problem; blockchain; peer-to-peer network (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2023
References: View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://www.mdpi.com/2071-1050/15/2/1478/pdf (application/pdf)
https://www.mdpi.com/2071-1050/15/2/1478/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:15:y:2023:i:2:p:1478-:d:1033605

Access Statistics for this article

Sustainability is currently edited by Ms. Alexandra Wu

More articles in Sustainability from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().