TY - GEN
T1 - Improve Blockchain Performance using Graph Data Structure and Parallel Mining
AU - Kan, Jia
AU - Chen, Shangzhe
AU - Huang, Xin
N1 - Publisher Copyright:
© 2018 IEEE.
PY - 2019/1/8
Y1 - 2019/1/8
N2 - Blockchain technology is ushering in another breakout year, the challenge of blockchain still remains to be solved. This paper analyzes the features of Bitcoin and Bitcoin-NG system based on blockchian, proposes an improved method of implementing blockchain systems by replacing the structure of the original chain with the graph data structure. It was named GraphChain. Each block represents a transaction and contains the balance status of the traders. Additionally, as everyone knows all the transactions in Bitcoin system will be baled by only one miner that will result in a lot of wasted effort, so another way to improve resource utilization is to change the original way to compete for miner to election and parallel mining. Researchers simulated blockchain with graph structure and parallel mining through python, and suggested the conceptual new graph model which can improve both capacity and performance.
AB - Blockchain technology is ushering in another breakout year, the challenge of blockchain still remains to be solved. This paper analyzes the features of Bitcoin and Bitcoin-NG system based on blockchian, proposes an improved method of implementing blockchain systems by replacing the structure of the original chain with the graph data structure. It was named GraphChain. Each block represents a transaction and contains the balance status of the traders. Additionally, as everyone knows all the transactions in Bitcoin system will be baled by only one miner that will result in a lot of wasted effort, so another way to improve resource utilization is to change the original way to compete for miner to election and parallel mining. Researchers simulated blockchain with graph structure and parallel mining through python, and suggested the conceptual new graph model which can improve both capacity and performance.
KW - blockchain
KW - graph chain
KW - parallel mining
KW - performance
UR - http://www.scopus.com/inward/record.url?scp=85062007815&partnerID=8YFLogxK
U2 - 10.1109/HOTICN.2018.8606020
DO - 10.1109/HOTICN.2018.8606020
M3 - Conference Proceeding
AN - SCOPUS:85062007815
T3 - Proceedings of 2018 1st IEEE International Conference on Hot Information-Centric Networking, HotICN 2018
SP - 173
EP - 178
BT - Proceedings of 2018 1st IEEE International Conference on Hot Information-Centric Networking, HotICN 2018
A2 - Kai, Lei
PB - Institute of Electrical and Electronics Engineers Inc.
T2 - 1st IEEE International Conference on Hot Information-Centric Networking, HotICN 2018
Y2 - 15 August 2018 through 17 August 2018
ER -