Proof of Behaviour (PoBh): An Enhanced Proof of Stake Blockchain Consensus Protocol

Abstract

Alternative protocols such as proof of stake (PoS) emerged after the drawbacks of proof of work (PoW) consensus protocol had been analyzed by researchers. Bitcon which is powered by proof of work consumes almost the same amount of energy as Ireland yearly among other drawbacks. PoS became the protocol of the moment because it reduces the unimaginable energy consumption in PoW with other enhancements. PoS was not without its shortcomings/drawbacks with respect to its performance, accountability and security. This work proposes a proof of behavior (PoBh) consensus protocol, an enhanced PoS algorithm with a much better performance, enhanced security and accountability.