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

Ambili K N; Jimmy Jose

Paper 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.

Metadata

Available format(s): PDF
Category: Applications
Publication info: Preprint. MINOR revision.
Keywords: Blockchain Bitcoin Ethereum Ripple Tendermint
Contact author(s): ambili_p180002cs @ nitc ac in
History: 2019-11-07: received
Short URL: https://ia.cr/2019/1286
License: CC BY

BibTeX

@misc{cryptoeprint:2019/1286,
      author = {Ambili K N and Jimmy Jose},
      title = {Comparison of proof-of-work based blockchains against federated consensus and proof-of-validation based blockchains},
      howpublished = {Cryptology {ePrint} Archive, Paper 2019/1286},
      year = {2019},
      url = {https://eprint.iacr.org/2019/1286}
}