Proof-of-Prospect-Theory: A Novel Game-based Consensus Mechanism for Blockchain Article Swipe
YOU?
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· 2023
· Open Access
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· DOI: https://doi.org/10.48550/arxiv.2309.09529
Blockchain technology is a breakthrough in changing the ways of business and organization operations, in which the consensus problem is challenging with practical constraints, such as computational power and consensus standard. In this paper, a novel consensus mechanism named Proof-of-Prospect-Theory (PoPT) is designed from the view of game theory, where the game prospect value is considered as an important election criterion of the block-recorder. PoPT portrays the popularity of a node in the network as an attribute, which is constituted by the subjective sensibilities of nodes. Furthermore, the performances of the PoPT and the willingness of ordinary nodes to participate in the consensus are analyzed, exploring fairness, decentralization, credibility, and the motivating ability of the consensus mechanism. Finally, numerical simulations with optimization of the PoPT consensus mechanism are demonstrated in the scenario of a smart grid system to illustrate the effectiveness of the PoPT.
Related Topics
- Type
- preprint
- Language
- en
- Landing Page
- http://arxiv.org/abs/2309.09529
- https://arxiv.org/pdf/2309.09529
- OA Status
- green
- Related Works
- 10
- OpenAlex ID
- https://openalex.org/W4386875767
Raw OpenAlex JSON
- OpenAlex ID
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https://openalex.org/W4386875767Canonical identifier for this work in OpenAlex
- DOI
-
https://doi.org/10.48550/arxiv.2309.09529Digital Object Identifier
- Title
-
Proof-of-Prospect-Theory: A Novel Game-based Consensus Mechanism for BlockchainWork title
- Type
-
preprintOpenAlex work type
- Language
-
enPrimary language
- Publication year
-
2023Year of publication
- Publication date
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2023-09-18Full publication date if available
- Authors
-
Yuqi Xie, Changbing Tang, Feilong Lin, Guanrong Chen, Zhao Zhang, Zhonglong ZhengList of authors in order
- Landing page
-
https://arxiv.org/abs/2309.09529Publisher landing page
- PDF URL
-
https://arxiv.org/pdf/2309.09529Direct link to full text PDF
- Open access
-
YesWhether a free full text is available
- OA status
-
greenOpen access status per OpenAlex
- OA URL
-
https://arxiv.org/pdf/2309.09529Direct OA link when available
- Concepts
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Computer science, Blockchain, Mechanism (biology), Game theory, Popularity, Credibility, sort, Node (physics), Mathematical economics, Computer security, Economics, Engineering, Epistemology, Social psychology, Law, Political science, Structural engineering, Psychology, Philosophy, Information retrievalTop concepts (fields/topics) attached by OpenAlex
- Cited by
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0Total citation count in OpenAlex
- Related works (count)
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10Other works algorithmically related by OpenAlex
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| abstract_inverted_index.effectiveness | 140 |
| abstract_inverted_index.sensibilities | 83 |
| abstract_inverted_index.block-recorder. | 63 |
| abstract_inverted_index.decentralization, | 107 |
| abstract_inverted_index.Proof-of-Prospect-Theory | 39 |
| cited_by_percentile_year | |
| countries_distinct_count | 0 |
| institutions_distinct_count | 6 |
| citation_normalized_percentile |