UM  > Faculty of Science and Technology
Residential Collegefalse
Status已發表Published
Dynamic Transaction Storage Strategies for a Sustainable Blockchain
Xiongfei Zhao; Yain-Whar Si
2021-09
Conference Name2021 IEEE International Conference on Services Computing, SCC 2021
Source PublicationProceedings - 2021 IEEE International Conference on Services Computing, SCC 2021
Pages309-318
Conference Date05-10 September 2021
Conference PlaceChicago, IL, USA
PublisherIEEE
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.

KeywordBlock Incentive Blockchain Merkle Tree Transaction Fees
DOI10.1109/SCC53864.2021.00044
URLView the original
Indexed ByCPCI-S
Language英語English
WOS Research AreaComputer Science
WOS SubjectComputer Science, Artificial Intelligence ; Computer Science, Theory & Methods
WOS IDWOS:000800199400033
Scopus ID2-s2.0-85123283091
Fulltext Access
Citation statistics
Document TypeConference paper
CollectionFaculty of Science and Technology
DEPARTMENT OF COMPUTER AND INFORMATION SCIENCE
AffiliationDepartment of Computer and Information Science, University of Macau, Macau
First Author AffilicationUniversity 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.
Files in This Item:
There are no files associated with this item.
Related Services
Recommend this item
Bookmark
Usage statistics
Export to Endnote
Google Scholar
Similar articles in Google Scholar
[Xiongfei Zhao]'s Articles
[Yain-Whar Si]'s Articles
Baidu academic
Similar articles in Baidu academic
[Xiongfei Zhao]'s Articles
[Yain-Whar Si]'s Articles
Bing Scholar
Similar articles in Bing Scholar
[Xiongfei Zhao]'s Articles
[Yain-Whar Si]'s Articles
Terms of Use
No data!
Social Bookmark/Share
All comments (0)
No comment.
 

Items in the repository are protected by copyright, with all rights reserved, unless otherwise indicated.