University of Limerick
Browse
Sai_2018_Optimal.pdf (95.5 kB)

Optimal block time for proof of work blockchains

Download (95.5 kB)
conference contribution
posted on 2018-06-29, 14:21 authored by Ashish Rajendra Sai, JIM BUCKLEYJIM BUCKLEY, Andrew Le Gear
Proof Of Work Blockchains such as Bitcoin and Ethereum exhibit a low Transaction Per Second (TPS) that impacts the scalability of the blockchain. Manipulating the block creation time can yield a higher TPS. A lower block creation rate results in a higher Stale Block rate that has a direct impact on the security of blockchain. We intend on using a novel Proof of Work Classification model under a varying level of difficulty to classify an instance of blockchain with a threshold (Block-time) on the basis of it’s resilience to selfish mining and double-spending attacks. Use of an ideal block creation time can help Proof of Work blockchains scale and attain a higher TPS without trading off security. The classification model can further be extended to find an optimal block-size.

History

Publication

Twenty-Sixth European Conference on Information Systems;

Note

peer-reviewed

Language

English

Usage metrics

    University of Limerick

    Categories

    No categories selected

    Keywords

    Exports

    RefWorks
    BibTeX
    Ref. manager
    Endnote
    DataCite
    NLM
    DC