Blockchain beyond Bitcoin: Block Maturity Level Consensus Protocol

• Main Authors: Memon, M., Bajwa, U.A., Ikhlas, A., Memon, Y., Memon, S., Malani, M.
• Format: Conference or Workshop Item
• Published: Institute of Electrical and Electronics Engineers Inc. 2019
• Online Access: https://www.scopus.com/inward/record.uri?eid=2-s2.0-85062844220&doi=10.1109%2fICETAS.2018.8629232&partnerID=40&md5=072ce3060e0908892ad47df13516d1aa; http://eprints.utp.edu.my/23597/

This paper enlightens the stipulation of blockchain beyond the bitcoin and identifies the key challenges in the implementation of blockchain on a small scale or newly implemented projects based on the literature review, furthermore it also introduces Block maturity level (BML) as a Consensus protocol, which eliminates the 51 attack, the hardfork problem and small-scale problem by introducing sub-blocks as a defense mechanism against attackers. This technique can be used in the implementation of blockchain where the hash power and difficulty is lower and easy to match-up. This proposed consensus protocol would immensely secure the implementation of the blockchain on different projects. © 2018 IEEE.