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Unpacking Long-Latency Transactions in Ethereum
Lao, Chon Kit1; Zhou, Sophie2; Zhang, Luyao3; Zhang, Fan4; Wang, Kanye Ye1
2024-11-19
Conference Name2024 Workshop on Decentralized Finance and Security, DeFi 2024
Source PublicationDeFi 2024 - Proceedings of the Workshop on Decentralized Finance and Security, Co-Located with: CCS 2024
Pages11-20
Conference Date14 October 2024through 18 October 2024
Conference PlaceSalt Lake City
PublisherAssociation for Computing Machinery, Inc
Abstract

Blockchain systems such as Bitcoin and Ethereum have limitations in efficiency, resulting in an inability to immediately confirm all transactions, leading to extended periods of transactions residing in the mempool. We refer to these transactions as “long latency transactions” and this paper explores the issue of resource utilization inefficiencies issues from these transactions. Utilizing the Geth client, the study quantifies the impact of these transactions on Ethereum’s resource consumption, which encompassing three crucial metrics: computational power, memory storage, and network bandwidth. Furthermore, this study also identifies three primary factors contributing to long latency transactions: low gas prices, long block processing times, and future-index transactions. Through empirical analysis, this study offers insights into the transaction-handling mechanisms in Ethereum. The implications of our findings aim to contribute to the enhancement of resource efficiency within the Ethereum blockchain ecosystem.

KeywordEthereum Long Latency Transaction Resource Waste
DOI10.1145/3689931.3694909
URLView the original
Language英語English
Scopus ID2-s2.0-85214082125
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Document TypeConference paper
CollectionUniversity of Macau
Affiliation1.University of Macau, Macao
2.Cheyenne Mountain High School, Colorado Springs, United States
3.Duke Kunshan University, Kunshan, China
4.Yale University, New Haven, United States
First Author AffilicationUniversity of Macau
Recommended Citation
GB/T 7714
Lao, Chon Kit,Zhou, Sophie,Zhang, Luyao,et al. Unpacking Long-Latency Transactions in Ethereum[C]:Association for Computing Machinery, Inc, 2024, 11-20.
APA Lao, Chon Kit., Zhou, Sophie., Zhang, Luyao., Zhang, Fan., & Wang, Kanye Ye (2024). Unpacking Long-Latency Transactions in Ethereum. DeFi 2024 - Proceedings of the Workshop on Decentralized Finance and Security, Co-Located with: CCS 2024, 11-20.
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