e-PoS: Making Proof-of-Stake Decentralized and Fair
- 주제(키워드) Bitcoin , Blockchains , Consensus Protocols
- 관리정보기술 faculty
- 등재 SCIE, SCOPUS
- 발행기관 IEEE Computer Society
- 발행년도 2021
- 세부유형 리뷰
- URI http://www.dcollection.net/handler/ewha/000000175548
- 본문언어 영어
- Published As http://dx.doi.org/10.1109/TPDS.2020.3048853
- 저작권 이화여자대학교 논문은 저작권에 의해 보호받습니다.
초록/요약
Blockchain applications that rely on the Proof-of-Work (PoW) have increasingly become energy inefficient with a staggering carbon footprint. In contrast, energy efficient alternative consensus protocols such as Proof-of-Stake (PoS) may cause centralization and unfairness in the blockchain system. To address these challenges, we propose a modular version of PoS-based blockchain systems called e-PoS that resists the centralization of network resources by extending mining opportunities to a wider set of stakeholders. Moreover, e-PoS leverages the in-built system operations to promote fair mining practices by penalizing malicious entities. We validate e-PoS's achievable objectives through theoretical analysis and simulations. Our results show that \ep ensures fairness and decentralization, and can be applied to existing blockchain applications. IEEE
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