RSA Based Consensus Algorithm for Lightweight Private Blockchain Network
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 u...
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| Format: | Article |
| Language: | English |
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EDP Sciences
2023-01-01
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| Series: | ITM Web of Conferences |
| Online Access: | https://www.itm-conferences.org/articles/itmconf/pdf/2023/04/itmconf_I3cs2023_03003.pdf |
| _version_ | 1797775777546108928 |
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| author | Gupta Nishant Jain Ankit Kumar |
| author_facet | Gupta Nishant Jain Ankit Kumar |
| author_sort | Gupta Nishant |
| collection | DOAJ |
| description | 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. |
| first_indexed | 2024-03-12T22:40:31Z |
| format | Article |
| id | doaj.art-a2893f951642409f97c882c472fb2e0f |
| institution | Directory Open Access Journal |
| issn | 2271-2097 |
| language | English |
| last_indexed | 2024-03-12T22:40:31Z |
| publishDate | 2023-01-01 |
| publisher | EDP Sciences |
| record_format | Article |
| series | ITM Web of Conferences |
| spelling | doaj.art-a2893f951642409f97c882c472fb2e0f2023-07-21T09:41:32ZengEDP SciencesITM Web of Conferences2271-20972023-01-01540300310.1051/itmconf/20235403003itmconf_I3cs2023_03003RSA Based Consensus Algorithm for Lightweight Private Blockchain NetworkGupta Nishant0Jain Ankit Kumar1Department of Computer Engineering, National Institute of TechnologyDepartment of Computer Engineering, National Institute of TechnologyConsensus 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.https://www.itm-conferences.org/articles/itmconf/pdf/2023/04/itmconf_I3cs2023_03003.pdf |
| spellingShingle | Gupta Nishant Jain Ankit Kumar RSA Based Consensus Algorithm for Lightweight Private Blockchain Network ITM Web of Conferences |
| title | RSA Based Consensus Algorithm for Lightweight Private Blockchain Network |
| title_full | RSA Based Consensus Algorithm for Lightweight Private Blockchain Network |
| title_fullStr | RSA Based Consensus Algorithm for Lightweight Private Blockchain Network |
| title_full_unstemmed | RSA Based Consensus Algorithm for Lightweight Private Blockchain Network |
| title_short | RSA Based Consensus Algorithm for Lightweight Private Blockchain Network |
| title_sort | rsa based consensus algorithm for lightweight private blockchain network |
| url | https://www.itm-conferences.org/articles/itmconf/pdf/2023/04/itmconf_I3cs2023_03003.pdf |
| work_keys_str_mv | AT guptanishant rsabasedconsensusalgorithmforlightweightprivateblockchainnetwork AT jainankitkumar rsabasedconsensusalgorithmforlightweightprivateblockchainnetwork |