An Innovative technological advancement Strategy for efficiency in Blockchain

Abstract

The basic technological feature of Blockchain, inviolability and decentralization have revolutionized the administration of information. However, concerns with scalability, consumption of energy, and security prohibit it from getting utilized extensively. In an effort to address such issues, this study offers an innovative consensus algorithm entitled Dynamic Weighted Proof of Stake (DW-PoS). The effectiveness of the algorithm is assessed through logical expressions successfully followed by simulations under a range of environments. The findings show notable gains in energy efficiency and scalability.