Blockchain technology has been developed for cryptocurrency systems. Bitcoin, the most famous cryptocurrency type, guarantees a safe consensus using the Proof of Work (PoW) process. The PoW scheme is currently operating as a basic consensus algorithm for blockchain systems that are used widely in various industries. However, the PoW algorithm lacks in support of mathematical analysis, which hinders discoveries of potential weaknesses and flaws in the blockchain system. Therefore, in this paper, the correlation between the key parameters (i.e., TPS, difficulty, miners) in a blockchain system are analyzed based on mathematical analysis.
|Title of host publication||ICEIC 2019 - International Conference on Electronics, Information, and Communication|
|Publisher||Institute of Electrical and Electronics Engineers Inc.|
|Publication status||Published - 2019 May 3|
|Event||18th International Conference on Electronics, Information, and Communication, ICEIC 2019 - Auckland, New Zealand|
Duration: 2019 Jan 22 → 2019 Jan 25
|Name||ICEIC 2019 - International Conference on Electronics, Information, and Communication|
|Conference||18th International Conference on Electronics, Information, and Communication, ICEIC 2019|
|Period||19/1/22 → 19/1/25|
Bibliographical noteFunding Information:
ACKNOWLEDGMENT This research was supported by a grant [MOIS-DP-2015-10] through the Disaster and Safety Management Institute funded by the Ministry of the Interior and Safety of the Republic of Korea (ROK) government, and the MSIT (Ministry of Science and ICT) of the ROK under the ITRC (Information Technology Research Center) support program (IITP-2018-2018-0-01799) supervised by the IITP (Institute for Information & communications Technology Promotion).
All Science Journal Classification (ASJC) codes
- Control and Systems Engineering
- Electrical and Electronic Engineering