TY - EJOU AU - Song, Rui AU - Song, Yubo AU - Liu, Ziming AU - Tang, Min AU - Zhou, Kan TI - GaiaWorld: A Novel Blockchain System Based on Competitive PoS Consensus Mechanism T2 - Computers, Materials \& Continua PY - 2019 VL - 60 IS - 3 SN - 1546-2226 AB - The birth of blockchain has promoted the development of electronic currencies such as Bitcoin and Ethereum. Blockchain builds a financial system based on cryptology instead of credit, which allows parties to complete the transaction on their own without the need for credible third-party intermediaries. So far, the application scenario of blockchain is mainly confined to the peer-to-peer electronic financial system, which obviously does not fully utilize the potential of blockchain.
In this paper, we introduce GaiaWorld, a new system for decentralized application. To solve the problem of resource waste and mismatch between nodes and computing power in traditional PoW mechanism, GaiaWorld introduces a new consensus mechanism called CPoS, which can improve productivity and liquidity of blockchain system. GaiaWorld constructs a new architecture based on forging committee and forging group systems, which can establish a decentralized, free and stable internet trust system, and can be utilized in multiple application scenarios and construct efficient and reliable content delivery systems. KW - Blockchain KW - cryptocurrency KW - consensus mechanism DO - 10.32604/cmc.2019.06035