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| Main Authors: | , , |
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| Format: | Preprint |
| Published: |
2025
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| Subjects: | |
| Online Access: | https://arxiv.org/abs/2503.08607 |
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Table of Contents:
- With the rapid growth of hyperconnected devices and decentralized data architectures, safeguarding Internet of Things (IoT) transactions is becoming increasingly challenging. Blockchain presents a promising solution, yet its effectiveness depends on the underlying consensus algorithm. Conventional mechanisms, such as Proof of Work and Proof of Stake, are often impractical for resource-constrained IoT environments. To address these limitations, this work introduces a fair and lightweight hybrid consensus algorithm tailored for IoT. The proposed approach minimizes resource demands on the nodes while providing a fair and secure agreement process. Specifically, it utilizes a distributed lottery mechanism to ensure fair block proposals without requiring dedicated hardware. In addition, to enhance trust and establish finality, a reputation-based voting mechanism is incorporated. Finally, we experimentally validated the key features of the proposed consensus algorithm.