Description
Blockchain scalability is one of the issues that concerns its current adopters. The current popular blockchains have initially been designed with imperfections that in- troduce fundamental bottlenecks which limit their ability to have a higher throughput and a lower latency.

One

Blockchain scalability is one of the issues that concerns its current adopters. The current popular blockchains have initially been designed with imperfections that in- troduce fundamental bottlenecks which limit their ability to have a higher throughput and a lower latency.

One of the major bottlenecks for existing blockchain technologies is fast block propagation. A faster block propagation enables a miner to reach a majority of the network within a time constraint and therefore leading to a lower orphan rate and better profitability. In order to attain a throughput that could compete with the current state of the art transaction processing, while also keeping the block intervals same as today, a 24.3 Gigabyte block will be required every 10 minutes with an average transaction size of 500 bytes, which translates to 48600000 transactions every 10 minutes or about 81000 transactions per second.

In order to synchronize such large blocks faster across the network while maintain- ing consensus by keeping the orphan rate below 50%, the thesis proposes to aggregate partial block data from multiple nodes using digital fountain codes. The advantages of using a fountain code is that all connected peers can send part of data in an encoded form. When the receiving peer has enough data, it then decodes the information to reconstruct the block. Along with them sending only part information, the data can be relayed over UDP, instead of TCP, improving upon the speed of propagation in the current blockchains. Fountain codes applied in this research are Raptor codes, which allow construction of infinite decoding symbols. The research, when applied to blockchains, increases success rate of block delivery on decode failures.
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Title
  • Digital Fountain for Multi-node Aggregation of Data in Blockchains
Contributors
Date Created
2018
Resource Type
  • Text
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    Note
    • Masters Thesis Computer Science 2018

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