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Register a new userLow Latency Cross-Shard Transactions in Coded Blockchain
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Added by
Canran Wang
Publication date
2020
fields
Informatics Engineering
and research's language is
English
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Although blockchain, the supporting technology of Bitcoin and various cryptocurrencies, has offered a potentially effective framework for numerous applications, it still suffers from the adverse affects of the impossibility triangle. Performance, security, and decentralization of blockchains normally do not scale simultaneously with the number of participants in the network. The recent introduction of error correcting codes in sharded blockchain by Li et al. partially settles this trilemma, boosting throughput without compromising security and decentralization. In this paper, we improve the coded sharding scheme in three ways. First, we propose a novel 2-Dimensional Sharding strategy, which inherently supports cross-shard transactions, alleviating the need for complicated inter-shard communication protocols. Second, we employ distributed storage techniques in the propagation of blocks, improving latency under restricted bandwidth. Finally, we incorporate polynomial cryptographic primitives of low degree, which brings coded blockchain techniques into the realm of feasible real-world parameters.
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A Chatbot is a popular platform to enable users to interact with a software or website to gather information or execute actions in an automated fashion. In recent years, chatbots are being used for executing financial transactions, however, there are a number of security issues, such as secure authentication, data integrity, system availability and transparency, that must be carefully handled for their wide-scale adoption. Recently, the blockchain technology, with a number of security advantages, has emerged as one of the foundational technologies with the potential to disrupt a number of application domains, particularly in the financial sector. In this paper, we forward the idea of integrating a chatbot with blockchain technology in the view to improve the security issues in financial chatbots. More specifically, we present BONIK, a blockchain empowered chatbot for financial transactions, and discuss its architecture and design choices. Furthermore, we explore the developed Proof-of-Concept (PoC), evaluate its performance, analyse how different security and privacy issues are mitigated using BONIK.
Blockchain protocols come with a variety of security guarantees. For example, BFT-inspired protocols such as Algorand tend to be secure in the partially synchronous setting, while longest chain protocols like Bitcoin will normally require stronger synchronicity to be secure. Another fundamental distinction, directly relevant to scalability solutions such as sharding, is whether or not a single untrusted user is able to point to *certificates*, which provide incontrovertible proof of block confirmation. Algorand produces such certificates, while Bitcoin does not. Are these properties accidental? Or are they inherent consequences of the paradigm of protocol design? Our aim in this paper is to understand what, fundamentally, governs the nature of security for permissionless blockchain protocols. Using the framework developed in (Lewis-Pye and Roughgarden, 2021), we prove general results showing that these questions relate directly to properties of the user selection process, i.e., the method (such as proof-of-work or proof-of-stake) which is used to select users with the task of updating state. Our results suffice to establish, for example, that the production of certificates is impossible for proof-of-work protocols, but is automatic for standard forms of proof-of-stake protocols. As a byproduct of our work, we also define a number of security notions and identify the equivalences and inequivalences among them.
As distributed ledgers, blockchains run consensus protocols which trade capacity for consistency, especially in non-ideal networks with incomplete connectivity and erroneous links. Existing studies on the tradeoff between capacity and consistency are only qualitative or rely on specific assumptions. This paper presents discrete-time Markov chain models to quantify the capacity of Proof-of-Work based public blockchains in non-ideal networks. The comprehensive model is collapsed to be ergodic under the eventual consistency of blockchains, achieving tractability and efficient evaluations of blockchain capacity. A closed-form expression for the capacity is derived in the case of two miners. Another important aspect is that we extend the ergodic model to analyze the capacity under strong consistency, evaluating the robustness of blockchains against double-spending attacks. Validated by simulations, the proposed models are accurate and reveal the effect of link quality and the distribution of mining rates on blockchain capacity and the ratio of stale blocks.
Blockchain is an incrementally updated ledger maintained by distributed nodes rather than centralized organizations. The current blockchain technology faces scalability issues, which include two aspects: low transaction throughput and high storage capacity costs. This paper studies the blockchain structure based on state sharding technology, and mainly solves the problem of non-scalability of block chain storage. This paper designs and implements the blockchain state sharding scheme, proposes a specific state sharding data structure and algorithm implementation, and realizes a complete blockchain structure so that the blockchain has the advantages of high throughput, processing a large number of transactions and saving storage costs. Experimental results show that a blockchain network with more than 100,000 nodes can be divided into 1024 shards. A blockchain network with this structure can process 500,000 transactions in about 5 seconds. If the consensus time of the blockchain is about 10 seconds, and the block generation time of the blockchain system of the sharding mechanism is 15 seconds, the transaction throughput can reach 33,000 tx/sec. Experimental results show that the throughput of the proposed protocol increases with the increase of the network node size. This confirms the scalability of the blockchain structure based on sharding technology.
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