High Impact Factor : 4.396 icon | Submit Manuscript Online icon |

On Scaling Ethereum Transactions and other Blockchain Based Cryptocurrencies

Author(s):

Rajkumar Kamala Prasad Singh , Mumbai University

Keywords:

Ethereum, Blockchain

Abstract

The increasing of blockchain-based transactions has made cryptocurrencies scalability a primary and urgent concern. Here we have tried to analyze how the fundamental and circumstantial bottlenecks in Ethereum limits the ability of its current peer-to-peer overlay network to support substantially higher throughputs and lower latencies. Our results suggest that reparameterization of block size is only first increment toward achieving upscaling, high-load blockchain protocols, and major advances will additionally require a basic rethinking of technical approaches. We offer a structured perspective on the design space for such approaches. Within this perspective, we enumerate and briefly discuss a number of recently proposed protocol ideas and offer several new ideas.

Other Details

Paper ID: IJSRDV7I41062
Published in: Volume : 7, Issue : 4
Publication Date: 01/07/2019
Page(s): 1133-1136

Article Preview

Download Article