International Journal of Social Sciences and Management Review

ON THE RANDOMIZED PROCESS OF TIMESLOT ALLOCATION IN 5IRECHAIN NETWORK

Authors: Vilma Mattila, Prateek Dwivedi, Pratik Gauri & Dhanraj Dadhich

ABSTRACT

In this paper, we study the slot allocation algorithm of 5irechain. This algorithm distributes timeslots to block assemblers. The block as- sembler that receives a certain timeslot gets the opportunity to produce a block in that timeslot. The slot allocation algorithm allocates slots to block assemblers depending upon their weights. That is the block assem- bler with higher weight gets to assemble more blocks than others and thus earns higher incentives.

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