Self-Renewal Consortium Blockchain Based on Proof of Rest and Strong Smart Contracts

Focusing on the business alliance scenario in blockchains, this paper proposes a new consensus mechanism named proof of rest (PoR) and strong smart contracts. The block structure and logic of PoR consensus are described. And a consortium blockchain system supporting strong smart contracts is designed. We modify the difficulty value algorithm based on proof of work (PoW) and add adjustable parameters. The longer a node rests after creating a block, the less difficult it is to create another new block, hence the term PoR. The penalty for slack nodes, the joining and quitting of nodes, and the adjustment of the expected block creation time can all be accomplished using the strong smart contracts, so the consortium blockchain can realize self-renewal.