In PoK, both new and existing nodes get a fair chance to earn profit by becoming a leader and adding a valid block to the blockchain. PoK gives incentives and imposes penalties to encourage and discourage the nodes' honest and malicious actions, respectively.
Dec 26, 2022
PoK incorporates a self-stabilizing leader election algorithm based on karma score to ensure consistency in the system. In PoK, both new and existing nodes get ...
PoK gives incentives and imposes penalties to encourage and discourage the nodes' honest and malicious actions. PoK is analyzed with respect to the CAP theorem.
People also ask
What is proof of consensus blockchain?
Is proof of reputation an alternative consensus mechanism for blockchain systems?
What is the use case of consortium blockchain?
What is the basic consensus mechanism in blockchain?
This work proposes a reputation-based consensus mechanism for blockchain-based systems, Proof-of-Reputation(PoR) where the nodes with the highest reputation ...
A new consensus mechanism, Proof of Karma (PoK), is proposed based on karma (actions) of nodes. PoK incorporates a self-stabilizing leader election ...
Proof of Karma (PoK): A Novel Consensus Mechanism for Consortium Blockchain ... A Performance-Optimized Consensus Mechanism for Consortium Blockchains ...
This paper proposes Trustworthy Fog, a novel reputation-based consensus method for Internet of Things (IoT) systems that leverages blockchain and fog computing ...
Service-Aware Dynamic Sharding Approach for Scalable Blockchain pp. 2954-2969. Proof of Karma (PoK): A Novel Consensus Mechanism for Consortium Blockchain pp.
2022. Proof of Karma (PoK): A Novel Consensus Mechanism for Consortium Blockchain. A Biswas, R Yadav, G Baranwal, AK Tripathi. IEEE Transactions on Services ...
"Proof of Karma (PoK): A Novel Consensus Mechanism for Consortium Blockchain. ... "A Blockchain-Based Framework to Resolve the Oligopoly Issue in Cloud Computing.