Summary: | Consensus algorithms are essential for achieving agreement among nodes in blockchain systems. However, traditional consensus algorithms such as Proof of Work (PoW) and Proof of Stake (PoS) can be resource-intensive and unsuitable for lightweight private blockchain applications. This paper proposes using the RSA (Rivest–Shamir–Adleman) encryption algorithm as a consensus algorithm for a lightweight private blockchain in the context of a college placement system. RSA offers several advantages over traditional consensus algorithms, including simplicity, efficiency, and security. Moreover, RSA can be implemented on resource-constrained nodes, making it a promising solution for lightweight blockchain applications. The resource constrained nodes are students, academic department, training and placement cell department, and placement cell coordinator. The company acts as a client. The movement of the student’s data to companies is recorded as transactions on the distributed ledger or blockchain, allowing the student to track its progress.
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