Distributed Ledger Consensus via Node Reliability Evaluation
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Solution Overview
Problem
Current consensus algorithms in distributed ledger systems, such as Proof of Work (PoW), Proof of Stake (PoS), and Proof of Space (PoSpace), require significant computational resources, energy consumption, and monetary investments, creating barriers for less powerful entities and limiting decentralization.
Innovation Solution
A computer-implemented method and system that evaluates the reliability of computing nodes and uses random or pseudo-random numbers to process structured data units in distributed ledger systems, allowing for a consensus without relying heavily on computational resources or monetary investments.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If proof of work is used to achieve consensus, then security is improved, but energy consumption and computational resource requirements increase significantly
Solution Approach 1:
The patent changes the parameter for consensus validation from computational effort (proof of work) to reliability metric evaluation. Instead of requiring proof of computational work, the system evaluates nodes based on their reliability metrics, fundamentally altering how consensus is achieved while maintaining security without the energy consumption of PoW
2Reliability
If proof of work is used to achieve consensus, then security is improved, but hardware requirements and entry barriers increase
Solution Approach 1:
The patent changes the validation parameter from computational power requirements to reliability metric assessment. This allows nodes with varying hardware capabilities to participate equally in consensus, as the evaluation is based on software-based reliability metrics rather than hardware computational power
3Use of energy by moving object
If proof of stake is used to achieve consensus, then energy consumption is reduced, but monetary investment requirements increase
Solution Approach 1:
The patent changes the consensus parameter from monetary stake investment to reliability metric evaluation. This eliminates the need for significant monetary investments while maintaining low energy consumption, as nodes are selected based on their reliability metrics rather than their financial stake
4Reliability
If computational resources are invested in validation, then transaction validation is improved, but costs and barriers for less powerful entities increase
Solution Approach 1:
The patent changes the validation approach from resource-intensive computational validation to reliability metric-based selection. This ensures that transaction validation quality is maintained while making the system accessible to less powerful entities that do not possess significant computational or financial resources
Data Source
AI summary
A computer-implemented method for processing a structured data unit related to a distributed ledger enabled system. The computer-implemented method is performed by at least one first computing node related to the distributed ledger enabled system. The computer-implemented method comprises determining a reliability associated with at least one of the at least one first computing node, at least one given computing node and at least one second computing node and providing at least one indication of at least one portion of the structured data unit to at least one portion of the at least one second computing node. Additional computer-implemented methods are also described.