Title: An acceleration of blockchain mining by parallel process and proof-of-luck with fair share technique system

Authors: K. Lino Fathima Chinna Rani Vincent; M.P. Anuradha

Addresses: Department of Computer Applications, Bishop Heber College, Affiliated to Bharathidasan University, Tiruchirappalli, 620017, Tamil Nadu, India ' Department of Computer Science, Bishop Heber College, Affiliated to Bharathidasan University, Tiruchirappalli, Tamil Nadu, 620017, India

Abstract: Blockchain plays a vital role in several applications; specifically, cryptocurrency transactions are performed through Blockchain applications. This technique stores network data securely via a distributed ledger. The transactions are part of Bitcoin mining. Miners in the network compute and verify these values. Blockchain networks using proof-of-work (PoW) consensus methods may have scalability issues as transaction volumes climb. The PoW mining mechanism cracks cryptographic riddles to authenticate more transactions and attach them to the Blockchain. When more miners join the network, transaction throughput and efficiency decrease, increasing authentication time and energy consumption. The proof-of-luck fair share parallel mining approach addresses PoW mining's scalability issue. While retaining network security, this method enhances transactional validation quality and speed. Parallel mining uses several processors and processes to speed up Solo mining. The unique method boosts solo mining to TPS. Validators can mine various test case scenarios utilising the proposed methodologies in the testing environment. Experimental results show that the proposed technique can greatly increase Blockchain TPS. Experimental results show computer power's potential.

Keywords: parallel mining; scalability; blockchain; proof-of-luck; TPS; transactions per second; fair share; miners; transactions system.

DOI: 10.1504/IJSSE.2025.151319

International Journal of System of Systems Engineering, 2025 Vol.15 No.6, pp.511 - 528

Received: 16 Jun 2023
Accepted: 04 Sep 2023
Published online: 23 Jan 2026 *

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