Residential College | false |
Status | 已發表Published |
Dynamic Transaction Storage Strategies for a Sustainable Blockchain | |
Xiongfei Zhao; Yain-Whar Si | |
2021-09 | |
Conference Name | 2021 IEEE International Conference on Services Computing, SCC 2021 |
Source Publication | Proceedings - 2021 IEEE International Conference on Services Computing, SCC 2021 |
Pages | 309-318 |
Conference Date | 05-10 September 2021 |
Conference Place | Chicago, IL, USA |
Publisher | IEEE |
Abstract | As the core technology behind Bitcoin, Blockchain's decentralize, tamper-proof, and traceable features make it the preferred platform for organizational innovation. In current Bit-coin, block reward is halved every four years, and transaction fees are expected to become the majority of miner revenues around 2140. When transaction fee dominates mining rewards, strategic deviations such as Selfish Mining, Undercutting, and Mining Gap could threaten the integrity and security of the Blockchain. In this paper, we propose a set of Dynamic Transaction Storage (DTS) strategies for maintaining a sustainable Blockchain under transaction-fee regime. Through the systematic simulation, we demonstrate that block incentive volatility can be reduced by applying DTS strategies, and thus avoid strategic deviations. With DTS, public Blockchains such as Bitcoin become sustainable when the mining reward is solely based on transaction fee. |
Keyword | Block Incentive Blockchain Merkle Tree Transaction Fees |
DOI | 10.1109/SCC53864.2021.00044 |
URL | View the original |
Indexed By | CPCI-S |
Language | 英語English |
WOS Research Area | Computer Science |
WOS Subject | Computer Science, Artificial Intelligence ; Computer Science, Theory & Methods |
WOS ID | WOS:000800199400033 |
Scopus ID | 2-s2.0-85123283091 |
Fulltext Access | |
Citation statistics | |
Document Type | Conference paper |
Collection | Faculty of Science and Technology DEPARTMENT OF COMPUTER AND INFORMATION SCIENCE |
Affiliation | Department of Computer and Information Science, University of Macau, Macau |
First Author Affilication | University of Macau |
Recommended Citation GB/T 7714 | Xiongfei Zhao,Yain-Whar Si. Dynamic Transaction Storage Strategies for a Sustainable Blockchain[C]:IEEE, 2021, 309-318. |
APA | Xiongfei Zhao., & Yain-Whar Si (2021). Dynamic Transaction Storage Strategies for a Sustainable Blockchain. Proceedings - 2021 IEEE International Conference on Services Computing, SCC 2021, 309-318. |
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