Implementation of Parallel Proof of Work Algorithm for Blockchain Using Simblock Simulator

Authors

  • Priyanka, Ritu Makani

Keywords:

Blockchain, Simulator, peer-to-peer, SimBlock, decentralized.

Abstract

The distributed, peer-to-peer network-based technology known as blockchain is used to maintain decentralized databases without the need for centralized or third-party systems, which are becoming increasingly popular these days. Although blockchain offers immutability and security for blockchain transactions, it also has limitations because there are no reliable methods for confirming the operations of large blockchain networks. This study covered blockchain network simulators mostly used for blockchain simulation, such as Blocksim, VIBES, Blockchain Demo, Blocksim-Net, and SimBlock. Unlike the existing simulators, SimBlock may easily modify the node's behaviour on the blockchain if necessary to enable investigating the node's behaviour’s impact on the blockchain. SimBlock is an easily configurable collection of nodes with some blockchain network settings that aid in simulating the peer-to-peer network of several types of blockchain, such as Ethereum and Bitcoin. SimBlock also facilitates the visualization of node behaviour and block propagation. We analyzed the use of better neighbour strategies and the implications of the relay network in this study using the blockchain simulator SimBlock.

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Published

24.03.2024

How to Cite

Priyanka. (2024). Implementation of Parallel Proof of Work Algorithm for Blockchain Using Simblock Simulator. International Journal of Intelligent Systems and Applications in Engineering, 12(3), 3917 –. Retrieved from https://ijisae.org/index.php/IJISAE/article/view/6079

Issue

Vol. 12 No. 3 (2024)

Section

Research Article

License

Copyright (c) 2024 Priyanka, Ritu Makani

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