Resilience of IOTA Consensus

Blockchains are appealing technologies with various applications ranging from banking to networking. IOTA blockchain is one of the most prominent blockchain specifically designed for IoT environments. In this paper we investigate the convergence of two Consensus proposed by IOTA: Fast Probabilistic Consensus and Cellular Consensus, when run on top of various topologies. Furthermore, we investigate their resilience to various types of adversaries. Our extensive simulations show that both Cellular Consensus and Fast Probabilistic Consensus have poor convergence rates even under low power adversaries and have poor scaling performances except for the case of Watts Strogatz topologies. Our study points out that the design of IOTs dedicated blockchains is still an open research problem and gives hints design. Our results confirmed the motivation of the foundation IOTA who is working on a complete version of consensus, Coordicide, for the new IOTA, while regarding these two as components of.