Sina Kamali, Shayan Shabihi, Mohammad Taha Fakharian, Alireza Arbabi, Pouriya Tajmehrabi, Mohammad Saadati, and Behnam Bahrak. arXiv preprint arXiv:2210.08923 (2022).
Abstract
The consensus protocol is the core of a blockchain system which guarantees its secure and stable operation. Proof of Activity (PoA) is a consensus protocol that tries to address some of the issues pertinent to the most widely used protocols, such as Proof of Stake (PoS) and Proof of Work (PoW). However, it still needs to solve the issues regarding high energy consumption, significant resources required, high mining latency, and the need for private blockchains. In this paper, we propose Redefined Proof of Activity (RPoA), a new consensus protocol that builds on top of some of the best features of the existing protocols, such as PoW, PoS, and PoA, and values active service provided by users on the network. Our approach tries to address the issues above and falls in the service-based protocols category that gives mining credit to users as they serve on the network.
Author’s Note
This was a project I started with some students I had back when I was an undergrad. The paper ultimately did not get published, as we never got to submit it to a venue. We might try to do so in the future.
