A Fair and Lightweight Consensus Algorithm for IoT

• URL: http://arxiv.org/abs/2503.08607v1
• Date: Tue, 11 Mar 2025 16:45:51 GMT
• Title: A Fair and Lightweight Consensus Algorithm for IoT
• Authors: Sokratis Vavilis, Harris Niavis, Konstantinos Loupos,
• Abstract summary: This work introduces a fair and lightweight hybrid consensus algorithm tailored for IoT.<n>The proposed approach minimizes resource demands on the nodes while ensuring a secure and fair agreement process.<n>In addition, a reputation-based block voting mechanism is incorporated to enhance trust and establish finality.
• Score: 0.0
• License: http://arxiv.org/licenses/nonexclusive-distrib/1.0/
• Abstract: As hyperconnected devices and decentralized data architectures expand, securing IoT transactions becomes increasingly challenging. Blockchain offers a promising solution, but its effectiveness relies on the underlying consensus algorithm. Traditional mechanisms like PoW and PoS are often impractical for resource-constrained IoT environments. To address these limitations, this work introduces a fair and lightweight hybrid consensus algorithm tailored for IoT. The proposed approach minimizes resource demands on the nodes while ensuring a secure and fair agreement process. Specifically, it leverages a distributed lottery mechanism to fairly propose blocks without requiring specialized hardware. In addition, a reputation-based block voting mechanism is incorporated to enhance trust and establish finality. Finally, experimental evaluation was conducted to validate the key features of the consensus algorithm.

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