GaiaWorld: A Novel Blockchain System Based on Competitive PoS Consensus Mechanism

【Author】 Song, Rui; Song, Yubo; Liu, Ziming; Tan, Min; Zhou, Kan

【Source】CMC-COMPUTERS MATERIALS & CONTINUA

【影响因子】3.860

【Abstract】The birth of blockchain has promoted the development of electronic currencies such as Bitcoin and Ethereum. Blockchain builds a financial system based on cryptology instead of credit, which allows parties to complete the transaction on their own without the need for credible third-party intermediaries. So far, the application scenario of blockchain is mainly confined to the peer-to-peer electronic financial system, which obviously does not fully utilize the potential of blockchain. In this paper, we introduce GaiaWorld, a new system for decentralized application. To solve the problem of resource waste and mismatch between nodes and computing power in traditional PoW mechanism, GaiaWorld introduces a new consensus mechanism called CPoS, which can improve productivity and liquidity of blockchain system. GaiaWorld constructs a new architecture based on forging committee and forging group systems, which can establish a decentralized, free and stable internet trust system, and can be utilized in multiple application scenarios and construct efficient and reliable content delivery systems.

【Keywords】Blockchain; cryptocurrency; consensus mechanism

【发表时间】2019

【收录时间】2022-01-02

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