RPoA: Redefined Proof of Activity (2210.08923v3)

Abstract: The consensus protocol is the core of a blockchain system which guarantees its secure and stable operation. Proof of Activity (PoA) is a consensus protocol that tries to address some of the issues pertinent to the most widely used protocols, such as Proof of Stake (PoS) and Proof of Work (PoW). However, it still needs to solve the issues regarding high energy consumption, significant resources required, high mining latency, and the need for private blockchains. In this paper, we propose Redefined Proof of Activity (RPoA), a new consensus protocol that builds on top of some of the best features of the existing protocols, such as PoW, PoS, and PoA, and values active service provided by users on the network. Our approach tries to address the issues above and falls in the service-based protocols category that gives mining credit to users as they serve on the network.