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PeerJ Computer Science
Article . 2024 . Peer-reviewed
License: CC BY
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PeerJ Computer Science
Article . 2024
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DBLP
Article . 2024
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Trapdoor proof of work

Authors: Capocasale, Vittorio;

Trapdoor proof of work

Abstract

Consensus algorithms play a crucial role in facilitating decision-making among a group of entities. In certain scenarios, some entities may attempt to hinder the consensus process, necessitating the use of Byzantine fault-tolerant consensus algorithms. Conversely, in scenarios where entities trust each other, more efficient crash fault-tolerant consensus algorithms can be employed. This study proposes an efficient consensus algorithm for an intermediate scenario that is both frequent and underexplored, involving a combination of non-trusting entities and a trusted entity. In particular, this study introduces a novel mining algorithm, based on chameleon hash functions, for the Nakamoto consensus. The resulting algorithm enables the trusted entity to generate tens of thousands blocks per second even on devices with low energy consumption, like personal laptops. This algorithm holds promise for use in centralized systems that require temporary decentralization, such as the creation of central bank digital currencies where service availability is of utmost importance.

Country
Italy
Related Organizations
Keywords

Proof of work, Blockchain, Algorithms and Analysis of Algorithms, Nakamoto consensus, Electronic computers. Computer science, blockchain; chameleon hash function; Nakamoto consensus; trapdoor proof of work;, Chameleon hash function, QA75.5-76.95

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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!
1
Average
Average
Average
Green
gold