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Block chain consensus mechanism

A blockchain and consensus technology, applied in the blockchain field, can solve problems such as system security risks and inconsistent reward mechanism of rights and interests, and achieve the effect of avoiding double-spending attacks

Inactive Publication Date: 2017-03-22
TIANJIN MIYOU TECH
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  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Problems solved by technology

[0005] 2. The components of all proof-of-stake algorithms can be predicted, so that future proof-of-stakes can be pre-calculated, thus bringing hidden dangers to system security
[0006] 3. Bookkeeping will become more and more centralized. Nodes that start to hold a large amount of equity will get a relatively large amount of block rewards, which may accumulate more and more, and even a certain node will occupy more than 51% of the equity in the future
[0007] 4. Equity will increase randomly as the transaction encapsulation proceeds, which is inconsistent with the common equity reward mechanism in the real world

Method used

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  • Block chain consensus mechanism

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Embodiment

[0023] Now there are 5,000 books for sale, which are sold through the blockchain trading system. In order to realize transactions based on the blockchain trading platform, 5,000 book equity coins are issued to facilitate the sale and circulation of books. The system generates a set amount of system cash coins, such as 30 million, to facilitate the payment of handling fees due to trading equity coins. The system is set with reward coins, which are used as rewards for bookkeeping nodes to package transactions into blocks and load the blocks into the chain.

[0024] When a transaction occurs on a book for sale, that is, the book equity currency is transferred, and the node with the bookkeeping right encapsulates the generated transaction into a block, and loads the block into the equity chain. In the above process, a handling fee will be generated during the transaction, and the handling fee will be paid by the system cash currency, and the payment of the handling fee will also b...

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Abstract

The invention belongs to the technical field of block chains, and provides a block chain consensus mechanism. The block chain consensus mechanism is based on a right and interest certificate consensus mechanism, and comprises a right and interest chain, a system cash chain and an award chain, wherein the right and interest chain is used for recording ins and outs of rights and interests; the system cash chain is used for recording and paying the commission charge when the rights and interests are transferred; and the award chain is used for recording an award for distributing a packaging block and loading the block to the chain. Adoption of the consensus mechanism not only solves a problem of double-spend attacks, but also solves problems that account keeping becomes more and more centralized and that general right and interest award mechanisms are inconsistent in the real world.

Description

technical field [0001] The invention relates to the technical field of block chains, in particular to a block chain consensus mechanism. Background technique [0002] In layman's terms, blockchain is an open distributed ledger system. Taking Bitcoin's blockchain as an example, every participant in the transaction is a node of the blockchain network, and each node has a complete public ledger backup, which records all transaction information since the birth of Bitcoin. Any node that initiates a transaction needs to transmit relevant information to every node in the block network, so that the books on all nodes can verify this transaction and update it accurately. In addition, the account book is stored in blocks. As transactions increase, new data blocks will be appended to the existing chain to form a chain structure. By extension, the blockchain can verify, transfer, and record any fact that can be converted into data through a consistent mathematical algorithm. Among th...

Claims

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Application Information

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IPC IPC(8): G06Q40/00G06Q20/38
CPCG06Q20/3821G06Q40/12
Inventor 丁江江长舜
Owner TIANJIN MIYOU TECH
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