journal article·2024-12-31Open access

Wireless May Benefit Blockchain

Seungmo Kim, Junsung Choi

Applied Sciences· Volume 15· Issue 1

Abstract

Wireless technologies now take every part of one’s everyday life. As such, it will be no longer a surprise if a blockchain system is composed of wirelessly connected nodes. However, wireless communication is known for its inherent unreliability caused by noise, interference, limited bandwidth, etc. Motivated by this fundamental problem, this paper investigates the impact of wireless communications on the performance of three representative consensus mechanisms, viz., proof of work (PoW), proof of stake (PoS), and proof of coverage (PoC). It features a comprehensive analytical framework that mathematically derives metrics quantifying the scalability and the level of decentralization of the three consensus mechanisms, constituting a key contribution of this work. The paper then proceeds to present extensive simulation results as a means to confirm the underpinning theoretical findings. Overall, we emphasize that the framework’s holisticity will allow it to be applied to diverse consensus mechanisms.
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Research context

OpenAlex topics: Blockchain Technology Applications and Security

SciVX discovery tags are terminology-based. OpenAlex topics are source-provided classifications.

Affiliations

Department of Electrical and Computer Engineering, Georgia Southern University, Statesboro, GA 30460, USA

School of Information and Communication Engineering, Chungbuk National University, Cheongju 28644, Republic of Korea

Funding

Chungbuk National University BK21 program

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