Optimization of blockchain consensus mechanism based on DPOS
LI Zhi-ping, Jin Li, Fanjie Nie, Bo Zhang, Jian Guo · 2023
Blockchain uses encryption algorithms, consensus mechanisms and complex mathematical methods to achieve open and transparent data transmission, traceability of information content and tamper resistance, and can provide participants with good internal conditions and external environment, thereby promoting the establishment of credit. The basis of the blockchain lies in the consensus mechanism. The blockchain is a decentralized information storage technology, on which all nodes (participants) can communicate with each other to achieve and agree to the purpose of data sharing, that is, all nodes on the chain can share the ledger in the blockchain network., so all data on the chain is open and credible. This paper takes the consensus mechanism of the blockchain as the main research content, uses the literature research method and the experience summary method to analyze and study the consensus mechanism algorithm, and explores its application in the blockchain, and analyzes the performance of the DPoS consensus mechanism. Finally, an improved blockchain consensus algorithm is proposed to achieve the purpose of optimizing the blockchain consensus mechanism.