Residential College | false |
Status | 已發表Published |
Quantifying the Blockchain Trilemma: A Comparative Analysis of Algorand, Ethereum 2.0, and Beyond | |
Fu, Yihang3; Jing, Mingwei1; Zhou, Jiaolun3; Wu, Peilin3; Wang, Ye2; Zhang, Luyao3,4; Hu, Chuang1,5 | |
2024-12 | |
Conference Name | 2024 IEEE International Conference on Metaverse Computing, Networking, and Applications (MetaCom) |
Source Publication | Proceedings - 2024 IEEE International Conference on Metaverse Computing, Networking, and Applications, MetaCom 2024 |
Pages | 97-104 |
Conference Date | 12-14 August 2024 |
Conference Place | Hong Kong, China |
Country | China |
Publisher | Institute of Electrical and Electronics Engineers Inc. |
Abstract | Blockchain technology is essential for the digital economy and metaverse, supporting applications from decentralized finance to virtual assets. However, its potential is constrained by the "Blockchain Trilemma,"which necessitates balancing decentralization, security, and scalability. This study evaluates and compares two leading proof-of-stake (PoS) systems, Algorand and Ethereum 2.0, against these critical metrics. Our research interprets existing indices to measure decentralization, evaluates scalability through transactional data, and assesses security by identifying potential vulnerabilities. Utilizing real-world data, we analyze each platform's strategies in a structured manner to understand their effectiveness in addressing trilemma challenges. The findings highlight each platform's strengths and propose general methodologies for evaluating key blockchain characteristics applicable to other systems. This research advances the understanding of blockchain technologies and their implications for the future digital economy. Data and code are available on GitHub as open source. |
Keyword | Benchmarking And Performance Study Blockchain Consensus Protocols Blockchain Protocol Analysis And Security Data Analytics On Blockchain Secure Smart Contracts Throughput And Scalability |
DOI | 10.1109/MetaCom62920.2024.00028 |
URL | View the original |
Language | 英語English |
Scopus ID | 2-s2.0-85211475274 |
Fulltext Access | |
Citation statistics | |
Document Type | Conference paper |
Collection | Faculty of Science and Technology DEPARTMENT OF COMPUTER AND INFORMATION SCIENCE |
Corresponding Author | Zhang, Luyao; Hu, Chuang |
Affiliation | 1.Wuhan Unversity, Wuhan, 430072, China 2.University of Macau, Macao 3.Duke Kunshan University, Suzhou, 215316, China 4.Duke Kunshan University (DKU), Data Science Research Center and Social Science Division, China 5.Wuhan University (WHU), Department of Computer Science, China |
Recommended Citation GB/T 7714 | Fu, Yihang,Jing, Mingwei,Zhou, Jiaolun,et al. Quantifying the Blockchain Trilemma: A Comparative Analysis of Algorand, Ethereum 2.0, and Beyond[C]:Institute of Electrical and Electronics Engineers Inc., 2024, 97-104. |
APA | Fu, Yihang., Jing, Mingwei., Zhou, Jiaolun., Wu, Peilin., Wang, Ye., Zhang, Luyao., & Hu, Chuang (2024). Quantifying the Blockchain Trilemma: A Comparative Analysis of Algorand, Ethereum 2.0, and Beyond. Proceedings - 2024 IEEE International Conference on Metaverse Computing, Networking, and Applications, MetaCom 2024, 97-104. |
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