Research on blockchain consensus mechanism and implementation
Xingxiong Zhu · IOP Conference Series Materials Science and Engineering · 2019
Each of the most popular blockchain platform, Bitcoin, Ethereum, and Hyperledger Fabric, varies in aspects of decentralization, permission, anonymity, and native-currency, has its own consensus mechanism, algorithm and implementation. In the mainstream blockchain technology, there are many common consensus algorithms. They differ in terms of computational complexity, fault-tolerance, and resilience. The performance, consistency, scalability, and efficiency of blockchain consensus mechanism need further improvement and optimization. Consensus mechanism and code implementation of Bitcoin, Ethereum and Hyperledger are analyzed, discussed and proposed.