A Concurrent Optimization Consensus System Based on Blockchain

The blockchain technology is more and more important in computer security. The core of the blockchain system is consensus. However, many consensus mechanisms reward those groups that own the majority of the resources. In addition, the performance of these consensus mechanisms is poor. In this paper we first present Proof of Value (POV), an incentive mechanism that rewards the value creators. With the help of POV, we reward the user who creates value and control the number of coins through the incentive coefficient adjustment algorithm. To improve the performance of POV in permissioned blockchain, we designed Hypernet, an off-chain transaction system. By designing the transaction system Hy-pernet, the transaction can be handled without blockchain. Finally, we evaluate our system by generating random parameters to invoke the contract. Then we record the real time for issuing the rewards. The test results show that the loss of the system is about 2% when the POV is added. The performance of the Hypernet is four times higher than the traditional permissioned blockchain transaction system.