The VeChain research team and the University of Oxford jointly release the blockchain low-level consensus performance evaluation framework Alphablock

The VeChain research team and the Department of Mathematics of the University of Oxford jointly published a technical paper entitled “AlphaBlock: Performance Evaluation Framework for Blockchain Underlying Consensus”. The paper proposes a theoretical framework called “AlphaBlock”, and uses this to compare the overall performance of the Byzantine Fault Tolerance (BFT) consensus and the Nakamoto consensus (NC), aiming to promote the progress of blockchain technology through theoretical development , To create a better underlying technology platform for the real economy. In this theory, the main data indicators of the blockchain consensus mechanism are system throughput and latency. The theory uses a topological graph model to represent blockchain nodes and the connections between nodes, and based on this model, calculates transaction throughput by analyzing bandwidth usage efficiency, and calculates the degree of delay through indicators such as block interval and confirmation rounds. VeChain stated that an enterprise-friendly blockchain platform must safeguard the interests of business owners and help them make correct decisions in business activities. An excellent consensus mechanism can also provide many conveniences, such as fast transaction confirmation time and extremely high transaction stability. This cooperation with Oxford University will be a beneficial boost for VeChain to promote its own bottom-level consensus optimization and ecosystem development.