Volume 11, Number 14, September 2021

A Comparative Framework for Evaluating Consensus Algorithms for Blockchains

  Authors

Dipti Mahamuni, Arizona State University, USA

  Abstract

The past five years have seen a significant increase in the popularity of Decentralized Ledgers, commonly referred to as Blockchains. Many new protocols have been launched to cater to various applications serving individual consumers and enterprises. While research is conducted on individual consensus mechanisms and comparison against popular protocols, decisionmaking and selection between the protocols is still amorphous. This paper proposes a comprehensive comparative framework to evaluate various consensus algorithms. We hope that such a framework will help evaluate current as well as future consensus algorithms objectively for a given use case.

  Keywords

Consensus Algorithms, Blockchain, Comparative Framework, Decentralized Ledgers.