Related papers: Why No Consensus on Consensus? A Deep Dive into Blockchain Consensus Protocols

Why No Consensus on Consensus? A Deep Dive into Blockchain Consensus Protocols

URL: http://arxiv.org/abs/2603.08629v1
Date: Mon, 09 Mar 2026 17:08:41 GMT
Title: Why No Consensus on Consensus? A Deep Dive into Blockchain Consensus Protocols
Abstract summary: Technology has revolutionized the digital landscape, driving innovations across industries through its decentralized and transparent infrastructure.<n>Public blockchains are open to all and fully decentralized while private blockchains have restricted access to authorized participants only.<n>This paper provides a critical and unified analysis, including detailed, that addresses the limita- tions of recent literature.
Score: 0.0
License: http://arxiv.org/licenses/nonexclusive-distrib/1.0/
Abstract: Blockchain technology has revolutionized the digital landscape, driving innovations across industries through its decentralized and transparent infrastructure. These networks are primarily categorized as public or private, based on user access permissions. Public blockchains are open to all and fully decentralized while private blockchains have restricted access to authorized participants only and they are usually centralized or partially decentralized. Consensus protocols are at the heart of blockchain networks, playing a pivotal role in maintaining security, ensuring consistency, and achieving agreement among distributed nodes. This paper provides a critical and unified analysis, including detailed workflows, that addresses the limita- tions of recent literature. Furthermore, this research investigates the strengths and limitations of each protocol, shedding light on their suitability for various applications, including financial transactions, supply chain management, healthcare, and beyond. A critical analysis of ongoing challenges, such as security vulnerabilities, scalability bottlenecks, and energy consumption is provided. Finally, the paper identifies key research gaps in the field, offering insights into potential areas for future work and emerging trends aimed at addressing these issues. This comprehensive analysis serves as a valuable resource for re- searchers, practitioners, and organizations seeking to understand the role of consensus protocols in shaping the future of blockchain technology.

Related papers

CONFETTY: A Tool for Enforcement and Data Confidentiality on Blockchain-Based Processes [39.8807633060402]
This work presents the CONFETTY open-source web application, a platform for public-blockchain based process execution.<n>We use smart contracts to enact, enforce, and store public interactions.<n>We adopt attribute-based encryption techniques for fine-grained access to confidential information.
arXiv Detail & Related papers (2026-03-14T11:27:21Z)
Blockchain Technology: Core Mechanisms, Evolution, and Future Implementation Challenges [0.0]
We examine the core technical components including distributed consensus algorithms, cryptographic principles, and smart contract functionality.<n>We identify critical challenges facing widespread blockchain adoption, including technical limitations, regulatory hurdles, and integration complexities with existing systems.
arXiv Detail & Related papers (2025-05-13T17:50:31Z)
Enhancing Blockchain Cross Chain Interoperability: A Comprehensive Survey [39.613235136790244]
We systematically analyze over 150 high impact sources from academic journals, digital libraries, and grey literature.<n>We offer a classification of interoperability approaches including Atomic Swaps, Sidechains, Light Clients, and so on, which represent the most comprehensive overview to date.<n>Our findings aim to support researchers, policymakers, and industry leaders in harnessing the transformative potential of blockchain interoperability to address current challenges and drive forward a cohesive multi-chain ecosystem.
arXiv Detail & Related papers (2025-05-08T04:24:50Z)
SOK: Blockchain for Provenance [0.0]
Provenance, which traces data from its creation to manipulation, is crucial for ensuring data integrity, reliability, and trustworthiness. Provenance technology has become a popular choice for implementing provenance due to its distributed, transparent, and immutable nature. Numerous studies on blockchain designs are specifically dedicated to provenance, and specialize in this area.
arXiv Detail & Related papers (2024-07-25T01:46:49Z)
IT Strategic alignment in the decentralized finance (DeFi): CBDC and digital currencies [49.1574468325115]
Decentralized finance (DeFi) is a disruptive-based financial infrastructure. This paper seeks to answer two main questions 1) What are the common IT elements in the DeFi? And 2) How the elements to the IT strategic alignment in DeFi?
arXiv Detail & Related papers (2024-05-17T10:19:20Z)
Blockchains for Internet of Things: Fundamentals, Applications, and Challenges [38.29453164670072]
Not every blockchain system is suitable for specific IoT applications. Public blockchains are not suitable for storing sensitive data. We explore the blockchain's application in three pivotal IoT areas: edge AI, communications, and healthcare.
arXiv Detail & Related papers (2024-05-08T04:25:57Z)
Enhancing Trust and Privacy in Distributed Networks: A Comprehensive Survey on Blockchain-based Federated Learning [51.13534069758711]
Decentralized approaches like blockchain offer a compelling solution by implementing a consensus mechanism among multiple entities. Federated Learning (FL) enables participants to collaboratively train models while safeguarding data privacy. This paper investigates the synergy between blockchain's security features and FL's privacy-preserving model training capabilities.
arXiv Detail & Related papers (2024-03-28T07:08:26Z)
Collaborative Cybersecurity Using Blockchain: A Survey [0.0]
Collaborative cybersecurity relies on organizations sharing information to boost security, but trust management is a key concern. Decentralized solutions like distributed ledgers, particularly blockchain, are crucial for eliminating single points of failure. This paper addresses this gap by surveying blockchain's role in collaborative cybersecurity from 2016 to 2023.
arXiv Detail & Related papers (2024-03-07T11:12:35Z)
Generative AI-enabled Blockchain Networks: Fundamentals, Applications, and Case Study [73.87110604150315]
Generative Artificial Intelligence (GAI) has emerged as a promising solution to address challenges of blockchain technology. In this paper, we first introduce GAI techniques, outline their applications, and discuss existing solutions for integrating GAI into blockchains.
arXiv Detail & Related papers (2024-01-28T10:46:17Z)
A New Paradigm in Blockchain-based Financial Aid Distribution [0.7366405857677227]
Technology has emerged as a game-changer in a variety of industries, providing robust solutions that can conventional procedures. The financial sector is making substantial progress toward implementing blockchain solutions for a variety of operations. The healthcare industry is simultaneously incorporating this technology into systems for managing medical records, tracing supply chains, and data management. Diverse industries, including real estate, energy, and government, are actively investigating the potential of blockchain to improve efficiency, security, and transparency.
arXiv Detail & Related papers (2023-11-14T19:41:24Z)
Protecting the Decentralized Future: An Exploration of Common Blockchain Attacks and their Countermeasures [1.1499361198674167]
Rising number of security threats have attracted cybercriminals as a target. This research aims to offer a thorough analysis of mitigating blockchain attacks. The study also highlights how crucial it is to take into account the particular needs of every blockchain application.
arXiv Detail & Related papers (2023-06-20T20:56:06Z)

This list is automatically generated from the titles and abstracts of the papers in this site.