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Distributed Ledger Technologies Consensus Mechanisms

Authors: Pietro Marchionni;

Distributed Ledger Technologies Consensus Mechanisms

Abstract

Blockchain is an append-only, sequential, chained, data structure replicated over a peer-to-peer network, where transactions are stored and grouped to form new blocks. Participants to the networks (peers) achieve distributed consensus on the validity of the transaction and on the ordering. Blocks are data structure comprising transactions and header that includes a link to the previous block through a hash. More generally nowadays blockchain networks are part of a wider family named Distributed Ledger Network or DLT. There are several implementations of DTLs and some of them share the same consensus mechanism, the engine that allows such solutions to be temper-resistant. In this white paper we want to give a high level but complete overview of the various consensus mechanisms running within DLTs and of the advantages/disadvantages of each of them, without anyway the aim to provide a ranking.

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Powered by OpenAIRE graph
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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
2
Average
Average
Average
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