PLEDGE: A Proof-of-Honesty based Consensus Protocol for Blockchain-based IoT Systems

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Conference Proceeding
2020 IEEE International Conference on Blockchain and Cryptocurrency (ICBC), 2020, 00, pp. 1-3
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Exhibition of malicious behavior during blockchain consensus, threats against reputation systems, and high TX latency are significant issues for blockchain-based IoT systems. Hence, to mitigate such challenges we propose "Pledge", a unique Proof-of-Honesty based consensus protocol. Initial experimentation shows that Pledge is economical with low computations and communications complexity and low latency in transaction confirmation.
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