PROOF OF LOTTERY (PoL) BLOCKCHAIN

A computing node applying proof of lottery to select block forgers in a blockchain, comprising:

• a communication interface for communicating with a plurality of computing nodes connected to a blockchain network;
• a program store for storing a code;
• and
• at least one processor coupled to the communication interface and to the program store, the at least one processor executes the code comprising:
• code instruction to transmit, to the blockchain network, at least one of a plurality of participation transactions submitted by at least some of the plurality of computing nodes for participating in at least one selection process conducted to select at least one forger from the plurality of computing nodes to forge at least one block to be added to the blockchain,
• code instructions to determine the forger, during the at least one selection process, by applying a selection function to an outcome of a hash function and a plurality of participation transactions submitted by at least some of the plurality of computing nodes and extracted from a first subset of blocks preceding the at least one block in the blockchain, the hash function is applied to a second subset of blocks preceding the at least one block, and
• code instruction to forge the at least one block in the blockchain in case the certain computing node is selected as the forger.