A New Consensus in Bank Liquidation System

Abstract

Blockchain serving as an unalterable ledger, has received widespread attentions recently, which allows carrying out transactions with a decentralized matter. Applications with blockchain technology are springing up. However, financial applications especially in bank liquidation system are still facing big challenges. This paper first presents a consensus combined delegated-proof-of-stake protocol and BFT algorithm together. At the same time, using parallel idea and redesigned blockchain structure make the system more efficiency.