Proof of Stake Voting in Multiple Entry PBFT System

Abstract

In this work we integrate Proof of Stake (PoS) consensus technique with multiple entry Practical Byzantine Fault Tolerance voting in a permissioned blockchain network. We introduce several PoS classes based on stake and truthfulness of voting. Each class is modeled using Semi Markov Process (SMP). We derive probability of reaching the two-thirds majority of total number of votes, and highlight the impact of the populations of individual stake/priority classes on achieving consensus. We have also connected stake classes with Enhanced Distribution Coordination Function EDCA for leader selection, which enables nodes from high stake classes to have higher frequency of leader role and gain more revenue for block handling.