Biblio

This paper aims to present a performance comparison of new authenticated encryption (AE) algorithm with the objective of high network security and better efficiency as compared to the defacto standard. This algorithm is based on a critical property of nonce-misuse-resistance incorporating DNA computation for securing the key, here the processing unit of DNA block converts the input key into its equivalent DNA base formats based on the ASCII code table. The need for secure exchange of keys through a public channel has become inevitable and thus, the proposed architecture will enhance the secrecy by using DNA cryptography. These implementations consider Advanced Encryption Standard in Galois Counter mode (AES-GCM) as a standard for comparison.

A blockchain is a distributed ledger forming a distributed consensus on a history of transactions, and is the underlying technology for the Bitcoin cryptocurrency. However, its applications are far beyond the financial sector. The transaction verification process for cryptocurrencies is much slower than traditional digital transaction systems. One approach to increase transaction speed and scalability is to identify a solution that offers faster Proof of Work. In this paper, we propose a method for accelerating the process of Proof of Work based on parallel mining rather than solo mining. The goal is to ensure that no more than two or more miners put the same effort into solving a specific block. The proposed method includes a process for selection of a manager, distribution of work and a reward system. This method has been implemented in a test environment that contains all the characteristics needed to perform Proof of Work for Bitcoin and has been tested, using a variety of case scenarios, by varying the difficulty level and number of validators. Preliminary results show improvement in the scalability of Proof of Work up to 34% compared to the current system.