Innovative Blockchain Protocol for Enhancing Transaction Security and Integrity in Decentralized Financial Ecosystems
Iskandar Muda, Kathari Santosh, Mohd Aarif, L. Natrayan, S. Kaliappan, S Muthuperumal
Abstract
The study proposes a novel approach to fortify transaction security in the digital realm, addressing the pressing need for robust solutions amidst escalating threats. By combining the qTESLA cryptographic scheme with the Tezos proof-of-stake (PoS) protocol, the research introduces a quantum-resistant blockchain system tailored specifically for decentralized financial ecosystems. Key findings indicate a significant reduction in vulnerability to quantum attacks compared to conventional blockchain systems. Moreover, the integration with Tezos PoS not only bolsters transaction security but also enhances system efficiency, leading to improved scalability and reduced energy consumption. This innovative fusion offers a resilient framework crucial for safeguarding the integrity of decentralized financial ecosystems amid the dynamic landscape of blockchain technology. Implemented in Python, the system model exhibits an impressive 98% accuracy rate, demonstrating its efficacy and reliability for real-world applications. The study's outcomes pave the way for the adoption of quantum-resistant solutions, ensuring the long-term security and sustainability of decentralized finance in an ever-evolving digital environment.