Physical Sciences and Mathematics Commons^™

Consensus Formation On Heterogeneous Networks, Edoardo Fadda, Junda He, Claudia J. Tessone, Paolo Barucca

Research Collection School Of Computing and Information Systems

Reaching consensus-a macroscopic state where the system constituents display the same microscopic state-is a necessity in multiple complex socio-technical and techno-economic systems: their correct functioning ultimately depends on it. In many distributed systems-of which blockchain-based applications are a paradigmatic example-the process of consensus formation is crucial not only for the emergence of a leading majority but for the very functioning of the system. We build a minimalistic network model of consensus formation on blockchain systems for quantifying how central nodes-with respect to their average distance to others-can leverage on their position to obtain competitive advantage in the consensus process. We …