Benha University

May ahmed salama mohamed

Lecturer Emeritus

Faculty of Engineering, Shoubra Electrical Engineering

Evolution of blockchain consensus algorithms: a review on the latest milestones of blockchain consensus algorithms

Cybersecurity • 2023
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Publication Information
Authors Ziad Hussein, May Salama, Sahar A.Elrahman
Keywords Blockchain, consensus, proof of work, proof of stake
Journal Cybersecurity
Publisher Springer
Volume Not Available
Issue 6
Pages Not Available
publication.type International
Paper Link Open Link
Supplementary Materials Not Available
Abstract
Blockchain technology has gained widespread adoption in recent years due to its ability to enable secure and transparent record-keeping and data transfer. A critical aspect of blockchain technology is the use of consensus algorithms, which allow distributed nodes in the network to agree on the state of the blockchain. In this review paper, we examine various consensus algorithms that are used in blockchain systems, including proof-of-work, proof-of-stake, and hybrid approaches. We go over the trade-offs and factors to think about when choosing a consensus algorithm, such as energy efficiency, decentralization, and security. We also look at the strengths and weaknesses of each algorithm as well as their potential impact on the scalability and adoption of blockchain technology.
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