RSA Based Consensus Algorithm for Lightweight Private Blockchain Network

Abstract

Consensus algorithms are essential for achieving agreement among nodes in blockchain systems. However, traditional consensus algorithms such as Proof of Work (PoW) and Proof of Stake (PoS) can be resource-intensive and unsuitable for lightweight private blockchain applications. This paper proposes using the RSA (Rivest–Shamir–Adleman) encryption algorithm as a consensus algorithm for a lightweight private blockchain in the context of a college placement system. RSA offers several advantages over traditional consensus algorithms, including simplicity, efficiency, and security. Moreover, RSA can be implemented on resource-constrained nodes, making it a promising solution for lightweight blockchain applications. The resource constrained nodes are students, academic department, training and placement cell department, and placement cell coordinator. The company acts as a client. The movement of the student’s data to companies is recorded as transactions on the distributed ledger or blockchain, allowing the student to track its progress.