PROOF-OF-STAKE CONSENSUS METHOD FOR UPCOMING BLOCKCHAIN NETWORKS
DOI:
https://doi.org/10.55766/sujst-2023-04-e0775Keywords:
Blockchain, consensus mechanisms, energy, game theory, mining process, proof-of- stake, proof-of-work, securityAbstract
Currency transaction is a major part that had to be made secured. So rather than making usual currency transactions, there is a secured way of currency transactions by using cryptocurrency which has the concept of blockchain. In today's world, the advancement of cryptocurrency facilitates every individual to make use of cryptocurrency for investing savings and transactions. Hence we can witness the huge number of transactions are occurring per second. Hence it is transforming the way of understanding the currency in a digitalized manner. It invokes interposer to interlope in the particulars of the transactions. To make an ensured transaction, we are using APC cryptocurrency. This APC cryptocurrency transaction is made protected with the support of blockchain so that every user utilizing the APC for their transactions, can be more confident in doing their currency operations. The biggest demand of every user is securing their transaction details regarding the usage of cryptocurrency. Therefore, by using the hashing algorithm we are converting the values of the user’s transactions details into hash values. The transaction details are validated using a validator and the validations are fact-checked by the administration, with the implementation of the modal concept of “proof of stake”.
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