Please use this identifier to cite or link to this item: https://doi.org/10.1109/ACCESS.2020.3017549
Title: A New Consensus Protocol for Blockchain Interoperability Architecture
Authors: Pang, Y. 
Keywords: Blockchain
bootstrapping
consensus protocol
cross-chain
cryptocurrency
interoperability
Proof of Stake (PoS)
security
token network effects
tokens
Issue Date: 2020
Publisher: Institute of Electrical and Electronics Engineers Inc.
Citation: Pang, Y. (2020). A New Consensus Protocol for Blockchain Interoperability Architecture. IEEE Access 8 : 153719-153730. ScholarBank@NUS Repository. https://doi.org/10.1109/ACCESS.2020.3017549
Abstract: Blockchain is widely recognized as a potential disruptive technology that has gained much popularity recently. Despite many promising results, the current blockchain landscape is fragmented, in which many blockchain systems exist in silos. Interoperability becomes a critical functionality to facilitate broad blockchain adoption and starts to attract attention in both industry and academia research. In this paper, we propose a new consensus protocol, Multi-tokens Proof of Stake (MPoS), for blockchain interoperability architecture. The MPoS protocol is able to strengthen the token network effects in a cross-chain ecosystem and grow the user base of blockchain systems dramatically. We also provide an analytical model to analyze and prove that the MPoS protocol can offer better security than traditional single-token PoS consensus protocols. © 2013 IEEE.
Source Title: IEEE Access
URI: https://scholarbank.nus.edu.sg/handle/10635/197356
ISSN: 21693536
DOI: 10.1109/ACCESS.2020.3017549
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