• The Journal of the Institute of Internet, Broadcasting and Communication
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• v.19 no.3
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• pp.25-32
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• 2019

The core of the block chain technology is solving the problem of agreement on double payment, and the PoW, PoS and DPoS algorithms used for this have been studied. PoW in-process proofs are consensus systems that require feasible efforts to prevent minor or malicious use of computing capabilities, such as sending spam e-mail or initiating denial of service (DoS) attacks. The proof of the PoS is made to solve the Nothing at stake problem as well as the energy waste of the proof of work (PoW) algorithm, and the decision of the sum of each node is decided according to the amount of money, not the calculation ability. DPoS is that a small number of authorized users maintain a trade consensus through a distributed network, whereas DPS provides consent authority to a small number of representatives, whereas PoS has consent authority to all users. If PoS is direct democracy, DPoS is indirect democracy. This study aims to contribute to the continuous development of the related field through the study of the algorithm of the block chain agreement.

• International Journal of Computer Science & Network Security
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• v.23 no.6
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• pp.181-192
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• 2023

Blockchain system brought innovation in the area of accounting, credit monitoring and trade secrets. Consensus algorithm that considered the central component of blockchain, significantly influences performance and security of blockchain system. In this paper we presented four consensus protocols specifically as Proof of Work (PoW), Proof of Stake (PoS), Delegated Proof of Stake (DPoS) and Practical Byzantine Fault-Tolerance (PBFT), we also reviewed different security threats that affect the performance of Consensus Protocols and precisely enlist their counter measures. Further we evaluated the performance of these Consensus Protocols in tabular form based on different parameters. At the end we discussed a comprehensive comparison of Consensus protocols in terms of Throughput, Latency and Scalability. We presume that our results can be beneficial to blockchain system and token economists, practitioners and researchers.

• Journal of IKEEE
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• v.23 no.2
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• pp.508-516
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• 2019

Smart home with various IoT devices provides convenient and efficient services. However, security is important because sensitive information such as private video and audio can be collected and processed, as well as shared over the Internet. To manage such smart home IoT devices, we use blockchain technology that provides data integrity and secure management. In this paper, we utilize a PoS(Proof of Stake) method that verifies the block through the accumulated stake in the network rather than the computation power, out of the PoW(Proof of Work) block chain, in which the computation for the existing verification must be continuously performed. Among them, we propose a blockchain based system with DPoS(Delegated Proof of Stake) method to actively solve the scalability part, for security that is suitable for smart home IoT environment. We implement the proposed system with DPoS based EOSIO to show realization, and we show performance improvement in terms of transaction processing speed.

• Proceedings of the Korea Information Processing Society Conference
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• 2019.05a
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• pp.197-200
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• 2019

가상 화폐 분야의 핵심 기술로 소개된 블록체인(Blockcahin) 기술은 4차 산업혁명에서 중심이 되는 기술로 주목받고 있다. 본 논문에서는 블록체인 시스템의 구조도와 대표적인 합의 알고리즘, 즉 증명(PoW: Proof of Work), 지분증명(PoS: Proof of Stake) 그리고 PBFT (Practical Byzantine Fault Tolerance)을 조사하였다. 합의 알고리즘의 특성을 분석하기 위하여, 보안성, 에너지 소비량, 거래 처리속도를 지표로 세워서 합의 알고리즘들에 대하여 전체적으로 비교 및 분석을 하였다.

• Review of KIISC
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• v.28 no.3
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• pp.18-25
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• 2018

최근 블록체인 기술을 응용한 가상화폐에 대한 관심이 높아지면서 자본금이 많지 않은 사람들도 블록체인 네트워크에 참여하기 시작했다. 가장 유명한 가상화폐인 비트코인이 채택한 PoW 방식은 고성능 하드웨어의 과열된 열풍을 불어왔고 PoS 방식은 기존 지분이 많은 참여자들이 많이 존재하여 소수의 자본금을 가진 신규 참여자들이 네트워크에 새로 참여하기 어려운 환경이다. 따라서 본 논문에서는 기존 블록체인 증명방식인 PoW, PoS 방식보다 네트워크 참여를 위한 자본금이 적고 신규로 참여하더라도 리스크가 적은 PoP(Proof-of-Probability) 방식을 소개한다. PoP 방식은 블록을 생성할 시 실제 암호화된 해쉬와 수많은 가짜 해쉬를 각 노드들이 정렬하여 진짜 해쉬를 복호화하여 찾은 노드가 블록을 생성하는 방식이다. 또한 1개의 해쉬를 복호화하여 검증받을 때 1분의 대기시간을 두어 과열된 컴퓨팅파워 경쟁을 제한한다. 지분(Stake)이 많을수록 블록을 생성할 확률은 높아지지만 이는 PoS 방식처럼 절대적이지 않다. 이 방식을 이용한다면 지분을 많이 가진 유효성 검증자(Validators)에 의한 집중화를 피하며 블록체인 네트워크에 참여하려는 진입장벽도 낮출 수 있을 것 이다.

• ETRI Journal
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• v.43 no.2
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• pp.357-370
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• 2021

The evolution of blockchain-based systems has enabled researchers to develop nextgeneration e-voting systems. However, the classical consensus method of blockchain, that is, Proof-of-Work, as implemented in Bitcoin, has a significant impact on energy consumption and compromises the scalability, efficiency, and latency of the system. In this paper, we propose a hybrid consensus model (PSC-Bchain) composed of Proof of Credibility and Proof of Stake that work mutually to address the aforementioned problems to secure e-voting systems. Smart contracts are used to provide a trustworthy public bulletin board and a secure computing environment to ensure the accuracy of the ballot outcome. We combine a sharding mechanism with the PSC-Bchain hybrid approach to emphasize security, thus enhancing the scalability and performance of the blockchain-based e-voting system. Furthermore, we compare and discuss the execution of attacks on the classical blockchain and our proposed hybrid blockchain, and analyze the security. Our experiments yielded new observations on the overall security, performance, and scalability of blockchain-based e-voting systems.

• Journal of IKEEE
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• v.23 no.4
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• pp.1343-1352
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• 2019

To manage the Internet of Things(IoT) Network, which consists of a large number of various devices, a secure and automatic method of strengthening the IoT network is being proposed. Blockchain has a 'smart contract' element of autonomous execution method, which is emerging as a way to not only exchange data quickly without mediators but also securely and automatically manage processes between IoT devices. In this paper, we implement a prototype of the entire IoT device management system based on the EOSIO with DPoS(Distributed Proof of Stake)-based blockchain structure, proposed as a prior study, including the user application DApp(Decentralized Application) and the actual IoT devices (Raspberry Pi-based device, and smart lamp) that interact with the blockchain platform. We analyze the benefits of the system and measure the time overhead to show the feasibility of the system.

• The Journal of the Institute of Internet, Broadcasting and Communication
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• v.19 no.5
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• pp.25-32
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• 2019

The purpose of this study is to investigate how to make a proper investment in ICO in the market. Previously, companies used to borrow money from banks or to obtain investments from venture capital (VC) and angel investors, but now ICOs are used as a new type of funding and financing model. The ICO sells the tokens or coins created on the blockchain openly online to raise the necessary funds, and provides the market value by paying the tokens or coins as much as the investment amount. According to this study, the limitations of the ICO market are (1) difficulties in evaluating the company, (2) uncertainties in investments, (3) lack of legal safeguards, and (4) measures to secure corporate stability after recruitment. At present, there is no way to cope with this systematically since the ICO is not protected in the legal framework. Nevertheless, we investigated the ways to make proper investment in the existing ICO market. In investing in ICO, investors should (1) consider investment methods and profitability, and (2) verify and judge investment fraud through various channels (ex. Homepage, composition team profile, etc.) and make investments based on this. This study will contribute to the formation of a healthy ICO market by understanding the newly emerged ICO market and studying the considerations when investing in it, thereby contributing to the right investor training and reducing the mass production of consumer damages caused by fraud. The limitation of this study is that the domestic ICO has not yet been examined in the legal framework, so further research is needed when policy changes occur in the future.

• Proceedings of the Korea Information Processing Society Conference
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• 2021.11a
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• pp.334-336
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• 2021

허가형 블록체인 기반 데이터 공유 시스템은 분산 환경에서 신뢰 수준을 구축하고 일관된 메시지를 기록 및 공유함으로써 서비스의 상호 운용성을 가능하게 한다. 그러나 허가형 블록체인은 종종 탈중앙화, 보안 및 상호 운용성과 충돌한다. 이는 중앙 집중식 시스템으로 돌아가거나 데이터의 독점 및 남용 및 오용으로 이어질 수 있다. 따라서 CAP (Consistency, Availability, Partition tolerance)에 이론 검증에 따라 메시지 공유, 비잔틴 내결함성 및 메시지 일관성을 고려하고 적용해야 한다. 기존의 PBFT(Practical Byzantine Fault Tolerance) 합의 알고리즘는 노드의 증가시, 장애내성을 갖기위해 계산되어야 할 합의 처리시간이 증가하며, DPOS(Delegated Proof of Stake) 알고리즘은 보상, 리더 선출의 공정성 문제 등에 따라 허가형 블록체인에서의 적합한 방식이 연구되고 있다. 본 논문에서는 서비스의 상호 운용성과 과제에 대해 논의하고 허가된 블록체인의 합의 개선을 통한 데이터 공유 시스템을 제안한다.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.41 no.4
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• pp.179-188
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• 2018

Recently, blockchain technology has been recognized as one of the most important issues for the 4th Industrial Revolution which can be represented by Artificial Intelligence and Internet of Things. Cryptocurrency, named Bitcoin, was the first successful implementation of blockchain, and it triggered the emergence of various cryptocurrencies. In addition, blockchain technology has been applied to various applications such as finance, healthcare, manufacturing, logistics as well as public services. Distributed consensus algorithm is an essential component in blockchain, and it enables all nodes belonging to blockchain network to make an agreement, which means all nodes have the same information. For example, Bitcoin uses a consensus algorithm called Proof-of-Work (PoW) that gives possession of block generation based on the computational volume committed by nodes. However, energy consumption for block generation in PoW has drastically increased due to the growth of computational performance to prove the possession of block. Although many other distributed consensus algorithms including Proof-of-Stake are suggested, they have their own advantages and limitations, and new research works should be proposed to overcome these limitations. For doing this, above all things, we need to establish an evaluation method existing distributed consensus algorithms. Based on this motivation, in this work, we suggest and analyze assessment items by classifying them as efficiency and safety perspectives for investigating existing distributed consensus algorithms. Furthermore, we suggest new assessment criteria and their implementation methods, which can be used for a baseline for improving performance of existing distributed consensus algorithms and designing new consensus algorithm in future.