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Circle Of Trust: a high volume, energy efficient, stake blind and high attack tolerant Blockchain Consensus Protocol


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Using Big Data Analytics to Cr

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Abstract


Popular cryptocurrencies like Bitcoin, NEO and Ripple have their own advantages and disadvantage. Bitcoin causes massive depletion of energy and computational power. NEO rewards rich miners with more blocks to validate. Ripple can only process a mere 1500 transactions per second [1] with a block time of 3.5 seconds[2]. All these major blockchains have major flaws. My Consensus Protocol ‚??Circle of Trust‚?? overcomes the drawbacks of other consensus protocols such as PoW, PoS and DPos. Apart from this, Circle of Trust also has an architecture capable of scaling the transactions per second, as the network of miners grow, which no other blockchain on the market is capable of doing. This consensus protocol will be able to beat VISAs 56,000 transactions per second[3] while maintaining the sequence of blocks. All this can be done because, the concept of trust score is at the heart of this consensus protocol.

KeyWords
Blockchain, Consensus Protocol, High Attack tolerant, High Transaction Volume, Energy Efficient



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BE/BTech & ME/MTech Final Year Projects for Computer Science | Information Technology | ECE Engineer | IEEE Projects Topics, PHD Projects Reports, Ideas and Download | Sai Info Solution | Nashik |Pune |Mumbai
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