A Distributed Energy Trading Framework with secure and effective Consensus Protocol

Abstract

With the rapid increase of DER(distributed energy resources), it has become a global trend to establish a distributed energy trading markets to coordinate these DERs. However, the construction of distributed energy trading market faces various challenges, in which trusted transaction among market participants is crisis. Since the existing solutions need numerical calculation and communication resource that lead to large delay, this paper proposes a distributed energy trading framework with secure and effective consensus protocol. Different from the traditional PBFT(Practical Byzantine Fault Tolerance) that is the notable debasement on interaction flow between processes, a threshold signature mechanism is introduced and the consensus process of trading is reconstructed. Theoretical analysis shows that the communication complexity of the proposed framework is optimized from $O(n^{2})$ to $O(n)$, and the computation complexity of the participants is also reduced from $O(n)$ to $O(1)$. Our simulation results also show that the task delay of our consensus protocol begins to be lower than PBFT when the number of participants exceeds a certain threshold. In particular, the trusted transaction delay using our consensus protocol is reduced by 12.14% when the number of participants increases to 100.