Journal article

Lightweight Blockchain Framework using Enhanced Master-Slave Blockchain Paradigm: Fair Rewarding Mechanism using Reward Accuracy Model

OAS Ekanayake, MN Halgamuge

Information Processing and Management | Elsevier | Published : 2021

Abstract

Blockchains have become the prominent technology for logging records within a secured platform. However, the biggest challenge in existing blockchain technologies is unnecessary wastage of resources, such as electricity, due to network traffic and inefficient reward mechanisms during the blockchain mining process. To overcome this, we introduce a lightweight blockchain framework to reduce the cost of computationally intensive mining processes and network traffic while fairly rewarding concurrent miners. The proposed framework divides the traditional blockchain into two layers: master node(s) and slave agents (SAs). We develop mechanisms to (i) compute the reward accuracy of successful miners..

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