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Energy-Efficient Mining for Blockchain-Enabled IoT Applications. An Optimal Multiple-Stopping Time Approach. (arXiv:2305.05479v1 [cs.CR])
cs.CR updates on arXiv.org arxiv.org
What are the optimal times for an Internet of Things (IoT) device to act as a
blockchain miner? The aim is to minimize the energy consumed by low-power IoT
devices that log their data into a secure (tamper-proof) distributed ledger. We
formulate the energy-efficient blockchain mining for IoT devices as a
multiple-stopping time partially observed Markov decision process (POMDP) to
maximize the probability of adding a block in the blockchain; we also present a
model to optimize the number of …
act aim applications blockchain data device devices distributed distributed ledger energy internet internet of things iot iot applications iot devices ledger log low miner mining power things