On Scaling Decentralized Blockchains View Full Text


Ontology type: schema:Chapter     


Chapter Info

DATE

2016

AUTHORS

Kyle Croman , Christian Decker , Ittay Eyal , Adem Efe Gencer , Ari Juels , Ahmed Kosba , Andrew Miller , Prateek Saxena , Elaine Shi , Emin Gün Sirer , Dawn Song , Roger Wattenhofer

ABSTRACT

The increasing popularity of blockchain-based cryptocurrencies has made scalability a primary and urgent concern. We analyze how fundamental and circumstantial bottlenecks in Bitcoin limit the ability of its current peer-to-peer overlay network to support substantially higher throughputs and lower latencies. Our results suggest that reparameterization of block size and intervals should be viewed only as a first increment toward achieving next-generation, high-load blockchain protocols, and major advances will additionally require a basic rethinking of technical approaches. We offer a structured perspective on the design space for such approaches. Within this perspective, we enumerate and briefly discuss a number of recently proposed protocol ideas and offer several new ideas and open challenges. More... »

PAGES

106-125

References to SciGraph publications

  • 2015. Inclusive Block Chain Protocols in FINANCIAL CRYPTOGRAPHY AND DATA SECURITY
  • 2015. Secure High-Rate Transaction Processing in Bitcoin in FINANCIAL CRYPTOGRAPHY AND DATA SECURITY
  • 2015. A Fast and Scalable Payment Network with Bitcoin Duplex Micropayment Channels in STABILIZATION, SAFETY, AND SECURITY OF DISTRIBUTED SYSTEMS
  • 2014. Scalable Zero Knowledge via Cycles of Elliptic Curves in ADVANCES IN CRYPTOLOGY – CRYPTO 2014
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