A Simplified Consensus Protocol Simulator With Applications On Proof Of Contribution-X

Blockchain consensus protocols are the major architectural components of blockchain networks. Numerous enhancements of popular blockchain consensus protocols, such as Proof of Work (PoW) and Proof of Stake (PoS), have led to the emergence of alternative consensus protocols, some of which cater to...

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Main Author:	Peter, Oyinloye Damilare
Format:	Thesis
Language:	English
Published:	2023
Subjects:	TK1-9971 Electrical engineering Electronics Nuclear engineering
Online Access:	http://eprints.usm.my/61327/1/24%20Pages%20from%20OYINLOYE%20DAMILARE%20PETER.pdf
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id	my-usm-ep.61327
record_format	uketd_dc
spelling	my-usm-ep.613272024-10-18T00:51:40Z A Simplified Consensus Protocol Simulator With Applications On Proof Of Contribution-X 2023-03 Peter, Oyinloye Damilare TK1-9971 Electrical engineering. Electronics. Nuclear engineering Blockchain consensus protocols are the major architectural components of blockchain networks. Numerous enhancements of popular blockchain consensus protocols, such as Proof of Work (PoW) and Proof of Stake (PoS), have led to the emergence of alternative consensus protocols, some of which cater to specific areas such as medicine or transportation. A considerable amount of research has been done on these alternative protocols, one class of which is known as Consensus Protocols Based on Past Behaviour (CPPB). However, these protocols remain relatively unknown and lack performance analysis, which hinders their possible deployment in real-world blockchain networks because the strengths and weaknesses of these consensus protocols cannot be determined. This problem stems from the lack of simulation tools for other consensus protocols that are not mainstream. This gap is bridged by proposing a simple simulation framework called SIM-P, which can accurately simulate the behaviour of these consensus protocols with ease. SIM-P is an agent-based stochastic simulator that relies on the sequential Monte Carlo method to model how block publishers are selected. Simulation models are developed for PoW as a base model for benchmarking purposes, as well as for two selected CPPBs: 2023-03 Thesis http://eprints.usm.my/61327/ http://eprints.usm.my/61327/1/24%20Pages%20from%20OYINLOYE%20DAMILARE%20PETER.pdf application/pdf en public phd doctoral Perpustakaan Hamzah Sendut Pusat Pengajian Kejuruteraan Elektrik & Elektronik
institution	Universiti Sains Malaysia
collection	USM Institutional Repository
language	English
topic	TK1-9971 Electrical engineering Electronics Nuclear engineering
spellingShingle	TK1-9971 Electrical engineering Electronics Nuclear engineering Peter, Oyinloye Damilare A Simplified Consensus Protocol Simulator With Applications On Proof Of Contribution-X
description	Blockchain consensus protocols are the major architectural components of blockchain networks. Numerous enhancements of popular blockchain consensus protocols, such as Proof of Work (PoW) and Proof of Stake (PoS), have led to the emergence of alternative consensus protocols, some of which cater to specific areas such as medicine or transportation. A considerable amount of research has been done on these alternative protocols, one class of which is known as Consensus Protocols Based on Past Behaviour (CPPB). However, these protocols remain relatively unknown and lack performance analysis, which hinders their possible deployment in real-world blockchain networks because the strengths and weaknesses of these consensus protocols cannot be determined. This problem stems from the lack of simulation tools for other consensus protocols that are not mainstream. This gap is bridged by proposing a simple simulation framework called SIM-P, which can accurately simulate the behaviour of these consensus protocols with ease. SIM-P is an agent-based stochastic simulator that relies on the sequential Monte Carlo method to model how block publishers are selected. Simulation models are developed for PoW as a base model for benchmarking purposes, as well as for two selected CPPBs:
format	Thesis
qualification_name	Doctor of Philosophy (PhD.)
qualification_level	Doctorate
author	Peter, Oyinloye Damilare
author_facet	Peter, Oyinloye Damilare
author_sort	Peter, Oyinloye Damilare
title	A Simplified Consensus Protocol Simulator With Applications On Proof Of Contribution-X
title_short	A Simplified Consensus Protocol Simulator With Applications On Proof Of Contribution-X
title_full	A Simplified Consensus Protocol Simulator With Applications On Proof Of Contribution-X
title_fullStr	A Simplified Consensus Protocol Simulator With Applications On Proof Of Contribution-X
title_full_unstemmed	A Simplified Consensus Protocol Simulator With Applications On Proof Of Contribution-X
title_sort	simplified consensus protocol simulator with applications on proof of contribution-x
granting_institution	Perpustakaan Hamzah Sendut
granting_department	Pusat Pengajian Kejuruteraan Elektrik & Elektronik
publishDate	2023
url	http://eprints.usm.my/61327/1/24%20Pages%20from%20OYINLOYE%20DAMILARE%20PETER.pdf
_version_	1818647396280696832

A Simplified Consensus Protocol Simulator With Applications On Proof Of Contribution-X

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