Research on Autonomous and Controllable High-performance Consensus Mechanism of Blockchain

Yang Chengfu · 2020

Based on the policies of developing the autonomous and controllable domestic technologies, this paper aims to build a blockchain consensus algorithm with security, stability, high-performance and expansibility in hope of forming one or more universally acknowledged and more unified blockchain consensus mechanisms. In addition, it attempts to make improvement and optimization based on POS consensus algorithm and with a focus on solutions to the problems of large data volume and blockchain network congestion. This paper is explored from four perspectives as follows: (1) Reducing the number of blockchain nodes participating in consensus. (2) Reducing the amount of broadcast data. (3) Reducing the number of transactions. (4) Other problems that may arise.

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