Lightweight Scalable Blockchain & Distributed Throughput IT Assignment Help

Assignment Task

Task
LSB — Lightweight Scalable Blockchain is a lightweight blockchain storage platform that is optimized based on IoT needs. It solves five main challenges when integrating existing blockchain platforms within the IoT environment. These challenges are complex consensus algorithms, Scalability and overheads, Latency, Security overheads, and Throughput. It uses a Smart home setting for illustrative purposes for LSB blockchain in IoT. LSB is application agnostic and well-suited for diverse IoT applications. To meet the IoT needs in the blockchain, LSB incorporates a LightweightConsensus (LC) algorithm. The consensus mechanism aims to achieve distributed trust through optimized throughput management and traffic separation between data and regular transactions. A scalable, lightweight blockchain (LSB) is proposed for the IoT network. The author presents a framework organized in Cluster and whose network traffic and energy consumption are optimized. The network traffic has been reduced by clustering. Powerconsumption has been reduced by applying a distributed trust approach, positively impacting the load and delay of mining processing. The framework is assumed to work in public Blockchain. Here, PoW consensus was used, which was inappropriate for the IoT environment. ELIB proposed an efficient lightweight integrated blockchain model to meet IoT application requirements. It uses a smart-home environment to illustrate the purpose ofELIB for IoT applications. ELIB proposed three optimizations to support blockchain with resource-constrained IoT application requirements, (1) Lightweight Consensus algorithm, (2) Certificate-less Cryptography (CC), and (3) Distributed Throughput Management (DTM) scheme. The cluster heads have limited access to create new blocks within the consensus period. The CC method helps reduction of computational overheads. Finally, the DTM scheme allows modification of specific system variables so that varying network load can be accommodated in the blockchain system without drastic reduction of throughput.

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