Abstract

Reaching consensus—a macroscopic state where the system constituents display the same microscopic state—is a necessity in multiple complex socio-technical and techno-economic systems: their correct functioning ultimately depends on it. In many distributed systems—of which blockchain-based applications are a paradigmatic example—the process of consensus formation is crucial not only for the emergence of a leading majority but for the very functioning of the system. We build a minimalistic network model of consensus formation on blockchain systems for quantifying how central nodes—with respect to their average distance to others—can leverage on their position to obtain competitive advantage in the consensus process. We show that in a wide range of network topologies, the probability of forming a majority can significantly increase depending on the centrality of nodes that initiate the spreading. Further, we study the role that network topology plays on the consensus process: we show that central nodes in scale-free networks can win consensus in the network even if they broadcast states significantly later than peripheral ones.

Details

Title
Consensus formation on heterogeneous networks
Author
Fadda, Edoardo 1 ; He, Junda 2 ; Tessone, Claudio J. 3   VIAFID ORCID Logo  ; Barucca, Paolo 4   VIAFID ORCID Logo 

 Politecnico di Torino, Department of Mathematical Sciences, Turin, Italy (GRID:grid.4800.c) (ISNI:0000 0004 1937 0343); ISIRES, Turin, Italy (GRID:grid.4800.c) 
 Singapore Management University, Information Systems and Technology Cluster, School of Computing and Information Systems, Singapore, Singapore (GRID:grid.412634.6) (ISNI:0000 0001 0697 8112) 
 University of Zurich, Blockchain & Distributed Ledger Technologies Group, Informatics Department, Zurich, Switzerland (GRID:grid.7400.3) (ISNI:0000 0004 1937 0650) 
 UCL, Department of Computer Science, London, UK (GRID:grid.83440.3b) (ISNI:0000000121901201) 
Pages
34
Publication year
2022
Publication date
2022
Publisher
Springer Nature B.V.
e-ISSN
21931127
Source type
Scholarly Journal
Language of publication
English
ProQuest document ID
2673032258
Copyright
© The Author(s) 2022. This work is published under http://creativecommons.org/licenses/by/4.0/ (the “License”). Notwithstanding the ProQuest Terms and Conditions, you may use this content in accordance with the terms of the License.