Fuzzychain: An Equitable Consensus Mechanism for Blockchain Networks

Blockchain technology has become a trusted method for establishing secure and transparent transactions through a distributed, encrypted network. The operation of blockchain is governed by consensus algorithms, among which Proof of Stake (PoS) is popular yet has its drawbacks, notably the potential for centralising power in nodes with larger stakes or higher rewards. Fuzzychain, our proposed solution, introduces the use of fuzzy sets to define stake semantics, promoting decentralised and distribu...