Year: 2024
Type: conference-paper
Abstract: This paper presents a novel scalable consensus algorithm designed for blockchain networks, aimed at improving transaction throughput and reducing latency in distributed systems. The proposed algorithm leverages a hierarchical structure of nodes, where consensus is achieved through a multi-layered approach that balances workload across the network. By utilizing dynamic node selection and adaptive communication protocols, the algorithm ensures robustness against network partitions and Byzantine failures. Experimental results demonstrate significant improvements in scalability, with the algorithm achieving high transaction throughput even under varying network conditions. The proposed approach provides a viable solution for enhancing the efficiency of blockchain networks in real-world applications.
Author: Vivek Ramji
Institution: Stony Brook University
Language: English
Subfield: Information Systems
Field: Computer Science
Domain: Physical Sciences
Open Access status: gold
OpenAlex ID: W4405792439