Mathematical Analysis of Parametric Characteristics of the Consensus Algorithms Operation with the Choice of the Most Priority One for Implementation in the Financial Sphere

Mathematical Analysis of Parametric Characteristics of the Consensus Algorithms Operation with the Choice of the Most Priority One for Implementation in the Financial Sphere

Blockchain is one of the leading data transfer technologies that eliminate the need for centralized management through consensus algorithms. This article describes the consensus algorithms, their benefits, and their applications within a micropayment system in the financial sector. Preliminary studi...

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Bibliographic Details
Main Authors: Olga A. Safaryan, Kirill S. Lemeshko, Alexey N. Beskopylny, Larissa V. Cherckesova, Denis A. Korochentsev
Format: Article
Language:English
Published: MDPI AG 2021-10-01
Series:Electronics
Subjects:
blockchain
consensus protocol
security
throughput capacity
distributed ledger (registry) technology
Proof of Work algorithm (PoW)
Online Access:https://www.mdpi.com/2079-9292/10/21/2659

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