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An efficient dynamic transaction storage mechanism for sustainable high-throughput Bitcoin
Zhao,Xiongfei1; Zhang,Gerui2; Si,Yain Whar1
2023-09-01
Source PublicationJournal of Supercomputing
ISSN0920-8542
Volume79Issue:13Pages:14388-14426
Abstract

As coin-based rewards dwindle, transaction fees play an important role as mining incentives in Bitcoin. In this paper, we propose a novel mechanism called efficient dynamic transaction storage (EDTS) for dynamically allocating transactions among blocks to achieve efficient storage utilization. By leveraging a combination of Cuckoo Filter and dynamic transaction storage (DTS) strategies, EDTS is able to improve the scalability while remaining sustainable even after Bitcoin enters a transaction-fee regime. In addition to preventing deviant mining behaviors under the transaction-fee regime, EDTS can also provide differentiated transmission priorities based on transaction fees while allowing the investors to engage in pledging more transaction fees. In EDTS, we applied the multi-objective optimization algorithm U-NSGA-III to find the best DTS strategy and its corresponding attributes. Experimental results show that the EDTS mechanism together with the optimized DTS strategies can achieve a throughput of 325.3 TPS. EDTS offers scalability improvements comparable to the best Graphene solution and outperforms most of the latest scaling solutions by at least 11.6% while maintaining sustainability under the transaction-fee regime.

KeywordBlock Propagation Blockchain Dynamic Transaction Storage Scalability Sustainability Transaction Fee
DOI10.1007/s11227-023-05237-9
URLView the original
Indexed BySCIE
Language英語English
WOS Research AreaComputer Science ; Engineering
WOS SubjectComputer Science, Hardware & Architecture ; Computer Science, Theory & Methods ; Engineering, Electrical & Electronic
WOS IDWOS:000964994700001
Scopus ID2-s2.0-85151924188
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Document TypeJournal article
CollectionINSTITUTE OF COLLABORATIVE INNOVATION
DEPARTMENT OF COMPUTER AND INFORMATION SCIENCE
Corresponding AuthorSi,Yain Whar
Affiliation1.Department of Computer and Information Science,University of Macau,Macao
2.Center for Data Science,University of Macau,Macao
First Author AffilicationUniversity of Macau
Corresponding Author AffilicationUniversity of Macau
Recommended Citation
GB/T 7714
Zhao,Xiongfei,Zhang,Gerui,Si,Yain Whar. An efficient dynamic transaction storage mechanism for sustainable high-throughput Bitcoin[J]. Journal of Supercomputing, 2023, 79(13), 14388-14426.
APA Zhao,Xiongfei., Zhang,Gerui., & Si,Yain Whar (2023). An efficient dynamic transaction storage mechanism for sustainable high-throughput Bitcoin. Journal of Supercomputing, 79(13), 14388-14426.
MLA Zhao,Xiongfei,et al."An efficient dynamic transaction storage mechanism for sustainable high-throughput Bitcoin".Journal of Supercomputing 79.13(2023):14388-14426.
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