A Study on Public Blockchain Consensus Algorithms: A Systematic Literature Review

The purpose of this study is to present a systematic review of the literature on public blockchain consensus algorithms. Blockchain consensus algorithms have gain much popularity in last few years especially in the cryptocurrency field. Based on a systematic review of the relevant literature, we provide a classification of blockchain consensus algorithms, philosophy behind creation of blockchain consensus algorithms and as well as the rewards and incentive strategies of various public blockchain consensus algorithms. On the basis of these results, the research gaps and future work directions are identified for further study.