An Efficient Proof-of-Work Mechanism for Computational Feasibility in Blockchain
Madhu Babu Janjanam1, Siva Prasad Pinnamaneni2, Prashant Atmakuri3
1Madhu Babu Janjanam, Computer Science and Engineering Vasireddy Venkatadri Institute of Technology Guntur, AP, India.
2Siva Prasad Pinnamaneni, Computer Science and Engineering Vasireddy Venkatadri Institute of Technology Guntur, AP, India.
3Prashant Atmakuri, Computer Science and Engineering Vasireddy Venkatadri Institute of Technology Guntur, AP, India.
Manuscript received on 13 September 2019 | Revised Manuscript received on 22 September 2019 | Manuscript Published on 11 October 2019 | PP: 820-821 | Volume-8 Issue-11S September 2019 | Retrieval Number: K114509811S19/2019©BEIESP | DOI: 10.35940/ijitee.K1145.09811S19
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open-access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: Recently, Blockchain technology created a buzz in technological world and gained importance as a solution that offers the realization of multiple authoritative domains, where economic transactions are guaranteed. It is very important for such technology to validate the transactions performed by different users flawlessly. To maintain such a trust, Blockchain uses different consensus protocols, where different miners follow them to validate transactions and mine a new block. One such consensus protocol is proof-of-work, where a miner has to solve a puzzle with his computational capabilities. The existing proof-of work mechanisms discriminates a normal user to participate in the mining procedure, as he needs to maintain a specialized hardware which is expensive. In this paper, we propose a new algorithm on basis of crypto-puzzle Integer Prime Factorization, for proof-of-work consensus, which makes a user with minimal hardware capabilities to participate in the mining procedure.
Keywords: Blockchain, Mining, Consensus, Proof-of-Work, Integer prime factorization, Computational feasibility
Scope of the Article: Block Chain-Enabled IoT Device and Data Security and Privacy