Consensus mechanisms are part of blockchain networks; it is how everyone agrees that the state of the network is ok without having to trust other participants. Conventional public ledger systems have employed proof of work (PoW) for which problems include high energy consumption, slow transaction speed, and scalability and centralization, among other challenges. A new concept referred to as proof-of-stake (POS) has been developed to solve such issues. PoS is less energy-consuming and has a faster consensus time than PoW. Currently, Ethereum, a global blockchain platform, has transitioned from PoW to PoS to show the possibilities of PoS for future blockchain applications.
In the book, "Proof-of-Stake for Blockchain Networks: Fundamentals, challenges and approaches,’’ the PoS is one of the most widely used consensus mechanisms in a blockchain network. They begin with general ideas about the blockchain and various consensus algorithms, including definitions of the terms and a general description of the network. After that, it describes the PoS mechanism in detail, its security level, efficiency, and potential for further development.
"Proof-of-Stake for Blockchain Networks: Fundamentals, challenges and approaches” is a useful reference for any reader: scientists, engineers, postgraduates, etc. It is also relevant for developers and businessmen who would like to create applications based on PoS technology. The book’s primary goal is to offer a comprehensive analysis of PoS, which will help readers better understand this relatively new consensus algorithm.
Proof-of-Stake for Blockchain Networks: Fundamentals, challenges and approaches Table of Contents:
- Introduction
- Blockchain Fundamentals
- Consensus Mechanisms
- Basic Proof-of-Stake Consensus Mechanisms
- Blockchain-Based Content Caching Toward 6G Networks
- PoS-Based Blockchain-Assisted UAV Networks
- Leveraging Proof-of-Stake to Mitigate Frauds in Mobile Roaming Management
- Trading and Wealth Evolution in the Proof-of-Stake Protocol
- Proof-of-Stake Blockchain Security Against Quantum Computing
- Summarizing Proof-of-Stake Mechanisms and Their Practical Deployments: Applications, Attacks, Solutions, and Future Directions
Who is this course for?
- Scholars who focus their work on the development of new consensus approaches based on PoS
- Engineering is one of the skills one might need to operate with blockchain technology.
- Data collected from the social groups includes postgraduate students interested in studying blockchain and consensus mechanisms.
- Organizations that are engaged in the development of applications that use PoS
- The stakeholders interested in exploring PoS for novel strategies
