In the blockchain,the consensus mechanism plays a key role in maintaining the security and legitimation of contents recorded in the blocks.Various blockchain consensus mechanisms have been proposed.However,there is no technical analysis and comparison as a guideline to determine which type of consensus mechanism should be adopted in a specific scenario/application.To this end,this work investigates three mainstream consensus mechanisms in the blockchain,namely,Proof of Work(PoW),Proof of Stake(PoS),and Direct Acyclic Graph(DAG),and identifies their performances in terms of the average time to generate a new block,the confirmation delay,the Transaction Per Second(TPS)and the confirmation failure probability.The results show that the consensus process is affected by both network resource(computation power/coin age,buffer size)and network load conditions.In addition,it shows that PoW and PoS are more sensitive to the change of network resource while DAG is more sensitive to network load conditions.
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