Blockchain and Consensus Algorithms in Internet of Things

Abstract

this paper focuses on the performance evaluation of consensus algorithms used in a blockchain system for Internet of Things (IoT). In such systems the time necessary to achieve consensus should be small. Three most used consensus algorithms (modified proof of work, practical byzantine fault tolerance and binary consensus) are evaluated in different situations – type of motes, number of nodes participating in consensus algorithm and radio propagation model. An integrated solution is proposed to adapt an IoT node to different consensus algorithm. The simulations in Contiki IoT operating system show good performance (time to achieve consensus less than seconds)