SoK: A Taxonomy for Critical Analysis of Consensus Mechanisms in Consortium Blockchain
Data Structures and Algorithms
2023-09-28 v3 Distributed, Parallel, and Cluster Computing
Abstract
Consensus algorithms are central to blockchain technology and an emerging research area. In this paper, we begin with an overview of the different types and architectures of blockchain networks. Then, with a focus on consortium blockchains, we survey, classify, and assess their principal consensus mechanisms. Furthermore, as consensus mechanisms determine network reliability, enhance performance efficiency, and ensure system security, we conduct a critical analysis of the strengths and weaknesses of consensus algorithms using a taxonomy of three different criteria: reliability, performance, and security. We conclude with insights into current and future research challenges and opportunities in this domain.
Cite
@article{arxiv.2102.12058,
title = {SoK: A Taxonomy for Critical Analysis of Consensus Mechanisms in Consortium Blockchain},
author = {Wei Yao and Fadi P. Deek and Renita Murimi and Guiling Wang},
journal= {arXiv preprint arXiv:2102.12058},
year = {2023}
}