LendingClub Corporation
Proof of dynamic quorum for blockchain consensus

Abstract:

Proof-of-Dynamic-Quorum is a consensus mechanism for blockchain networks that selects a dynamic quorum of nodes to validate a proposed block based on digital data included in the proposed block. In an embodiment, a request to add a proposed block to a blockchain is received by a node of a blockchain network. A composite key value is generated based on one or more values within the proposed block. Based on a composite-key-value-to-quorum-participants mapping that is indicated in one or more blocks that are already present in the blockchain, a validating quorum is determined to determine whether the proposed block is to be added to the blockchain. When each node of the validating quorum indicates that the proposed block is accepted, the receiving node writes the proposed block to the blockchain. Proof-of-Dynamic-Quorum enables real-world authority data to be considered when performing a consensus algorithm in a blockchain network.