Towards a Green Blockchain: A Review of Consensus Mechanisms and their Energy Consumption
Authors: Bada, A.O., Damianou, A., Angelopoulos, C.M. and Katos, V.
Journal: Proceedings - 17th Annual International Conference on Distributed Computing in Sensor Systems, DCOS 2021
Pages: 503-511
ISBN: 9781665439299
DOI: 10.1109/DCOSS52077.2021.00083
Abstract:Organizations all over the world are under pressure to reduce their use of non-renewable energy sources and carbon emissions into the atmosphere due to its increasing negative impact on the ongoing climate crisis. Blockchain is a disruptive technology popularised by its use in Bitcoin, which has subsequently been adopted for various use cases. However, recently Blockchain has started attracting negative attention due to its propensity for high energy consumption depending on the adopted consensus mechanism. In this work, we explore the need for green (sustainable) Blockchain by comprehensively reviewing the various existing consensus mechanisms and their energy consumption to present a framework that will contribute towards developing more sustainable and environment friendly Blockchain-enabled systems.
https://eprints.bournemouth.ac.uk/36968/
Source: Scopus
Towards a Green Blockchain: A Review of Consensus Mechanisms and their Energy Consumption
Authors: Bada, A.O., Damianou, A., Angelopoulos, C.M. and Katos, V.
Journal: 17TH ANNUAL INTERNATIONAL CONFERENCE ON DISTRIBUTED COMPUTING IN SENSOR SYSTEMS (DCOSS 2021)
Pages: 503-511
ISSN: 2325-2936
DOI: 10.1109/DCOSS52077.2021.00083
https://eprints.bournemouth.ac.uk/36968/
Source: Web of Science (Lite)
Towards a Green Blockchain: A Review of Consensus Mechanisms and their Energy Consumption
Authors: Bada, A.O., Damianou, A., Angelopoulos, C.M. and Katos, V.
Conference: 17th International Conference on Distributed Computing in Sensor Systems (DCOSS)
Pages: 503-511
ISBN: 9781665439299
ISSN: 2325-2936
Abstract:Organizations all over the world are under pressure to reduce their use of non-renewable energy sources and carbon emissions into the atmosphere due to its increasing negative impact on the ongoing climate crisis. Blockchain is a disruptive technology popularised by its use in Bitcoin, which has subsequently been adopted for various use cases. However, recently Blockchain has started attracting negative attention due to its propensity for high energy consumption depending on the adopted consensus mechanism. In this work, we explore the need for green (sustainable) Blockchain by comprehensively reviewing the various existing consensus mechanisms and their energy consumption to present a framework that will contribute towards developing more sustainable and environment friendly Blockchain-enabled systems.
https://eprints.bournemouth.ac.uk/36968/
Source: BURO EPrints