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Table 1 Performance comparison of consensus algorithms

From: Blockchain-based IoT device identification and management in 5G smart grid

  PoW PoS DPoS PBFT
Applicable Form public public public consortium
Degree of decentralization complete complete complete incomplete
Accounting nodes Whole network Whole network Elect Dynamic decision
Response time 10 min 1 min 3 s 1 s
Throughput capacity 7TPS(Bitcoin)   Above 300TPS Above 1000TPS
Fault tolerance rate 49% 49% 10/21 33%(m/3 m + 1)