Cryptology ePrint Archive: Report 2019/1286

Comparison of proof-of-work based blockchains against federated consensus and proof-of-validation based blockchains

Ambili K N and Jimmy Jose

Abstract: This paper reports the results of survey done on the architecture and functionalities involved in blockchains. Moreover, it reports the results of comparison between proof-of-work-based blockchains, Bitcoin and Ethereum, against federated consensus-based blockchain, Ripple, and proof-of-validation-based blockchain, Tendermint, along the parameters like peer to peer network setup and maintenance, cryptocurrency involved, details of transaction execution and validation, block creation, block validation and consensus protocol and application development.

Category / Keywords: applications / Blockchain, Bitcoin, Ethereum, Ripple, Tendermint

Date: received 5 Nov 2019

Contact author: ambili_p180002cs at nitc ac in

Available format(s): PDF | BibTeX Citation

Version: 20191107:101611 (All versions of this report)

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