Abstract
The core technology used for many of the cryptocurrencies is blockchain. The extensive research attention has been received by the blockchain, a distributed ledger technology. The peer to peer network and the cryptography are playing a major role in blockchain technology. In addition to that, the consensus protocols are also playing an important role in the fundamentals of the blockchain technology. In blockchain systems, the security and the fault tolerance were guaranteed by the consensus protocols. There are two broad categories of the blockchain consensus protocols. They are Probabilistic finality consensus and the absolute finality consensus protocols. In this paper, the consensus protocols of the above two categories and the strengths and the weakness of blockchain types that could be applicable are presented.
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Sriman, B., Ganesh Kumar, S., Shamili, P. (2021). Blockchain Technology: Consensus Protocol Proof of Work and Proof of Stake. In: Dash, S.S., Das, S., Panigrahi, B.K. (eds) Intelligent Computing and Applications. Advances in Intelligent Systems and Computing, vol 1172. Springer, Singapore. https://doi.org/10.1007/978-981-15-5566-4_34
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DOI: https://doi.org/10.1007/978-981-15-5566-4_34
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