A New Consensus in Bank Liquidation System

Jiang-lei GUI, Xiao ZHANG, Fa-guo WU, Wang YAO

Abstract


Blockchain serving as an unalterable ledger, has received widespread attentions recently, which allows carrying out transactions with a decentralized matter. Applications with blockchain technology are springing up. However, financial applications especially in bank liquidation system are still facing big challenges. This paper first presents a consensus combined delegated-proof-of-stake protocol and BFT algorithm together. At the same time, using parallel idea and redesigned blockchain structure make the system more efficiency.

Keywords


Consensus, Blockchain, Liquidation system


DOI
10.12783/dtcse/mmsta2017/19663

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