Proof of Proximity: A Fair and Energy-Efficient Consensus Mechanism for Blockchain-Based IoT and Edge Networks
The introduction of blockchain technology has revolutionized decentralized systems. Blockchain enables peer-to-peer (P2P) transactions to be trustworthy and transparent. However, existing traditional consensus mechanisms such as Proof of Work (PoW) and Proof of Stake (PoS) have significant issues regarding computationa...