Proof-of-Improved-Participation: A New Consensus Protocol for Blockchain Technology

Abstract

The Internet of Things (IoT) is converting today’s physical world into a complex and sophisticated network of connected devices on an enormous scale. The existing malicious node detection mechanism in traditional approaches lacks in transparency, availability, or traceability of the detection phase. To overcome these concerns, we provide a decentralized technique using blockchain technology. Despite the fact that blockchain technology is applicable to create that type of models, existing harmony set of instructions are susceptible to do violence to such as DoS and Sybil, making blockchain systems unfeasible. Here, a new Proof-of-Improved-Participation (PoIP) harmony instruction was suggested that benefits the participation rules to select honest peers for mining while limiting malicious peers. Under an evaluation the PoIP outperforms the Proof-of-Work (PoW) instructions are demonstrated, Proof of Stake (PoS) instructions in terms of energy consumption, accuracy, and bandwidth. To compare the three consensus protocols with respect to efficiency, we build a lightweight mining model and find that PoIP consensus has greater efficiency than PoW and PoS. PoIP has 25% lower attack risk than existing consensus. As a consequence, our suggested methodology can provide the needed security with minimal attack risk and high accuracy, according to the analysis results. As a result, suggested consensus is more efficient than existing methods in terms of block generation time. Hence we suggest that suggested consensus is very suitable for IoT-based applications especially in healthcare.