Addressing Blockchain Efficiency: A Study on Super Node-Based Consensus Mechanisms
Kamal Kant, Sarvesh Pandey, Udai Shanker · 2024
The success of applying blockchain technology for transaction processing is based on a consensus mechanism to be utilized. The new solutions for the same are being reported and claiming to fix or overcome it. However, the reported consensus protocols are not capable enough to serve the purpose adequately because the majority of widely used blockchain platforms purposefully exclude metrics like delay and throughput, which are essential for the efficiency of consensus protocols. Therefore, this paper discusses blockchain fundamentals, consensus mechanisms, their variants, and our super node concept is discussed, and we perform extensive experiments and our analysis preliminary results indicate that as the number of nodes increases, the throughput increases rapidly.