Regresar

Nested-C protocol: consensus protocol designed for NestedChain

Abstract:

The implementation of hybrid protocols responds to the need to improve the current protocol features without necessarily modifying the infrastructures by creating new ones to solve the identified drawbacks of using blockchain to solve different problems. This paper addresses a novel hybrid consensus protocol designed to improve decentralisation of block creation in a NestedChain implementation. The new protocol, called Nested-C, combines the advantages of established consensus mechanisms, with an emphasis on addressing the limitations observed in traditional Proof of Work (PoW) and Proof of Stake (PoS). Both NestedChain and Nested-C are designed to become the infrastructure cornerstone of the decentralised framework called 3BI-ECC. To evaluate the feasibility and performance of the proposed protocol compared to the original NestedChain prototype, a set of experiments has been carried out. The results demonstrate that Nested-C behaves in a similar way to the PoS designed for NestedChain and meets the independence and decentralisation parameters necessary for a distributed implementation of NestedChain, making it a viable option for the development of a decentralised identity system implemented in a consortium network. These findings allows a new way to develop not only NestedChain as a specific solution prototype, but also a new way to create consortium blockchains to store different types of information in the same infrastructure.