arXiv:2006.03918v1 [cs.PL] 6 Jun 2020

Bitcoin-NG: A Scalable Blockchain Protocol

Date: 2015-11-11
Author(s): Ittay Eyal, Adem Efe Gencer, Emin Gun Sirer, Robbert van Renesse

Link to Paper

Cryptocurrencies, based on and led by Bitcoin, have shown promise as infrastructure for pseudonymous online payments, cheap remittance, trustless digital asset exchange, and smart contracts. However, Bitcoin-derived blockchain protocols have inherent scalability limits that trade-off between throughput and latency and withhold the realization of this potential.This paper presents Bitcoin-NG, a new blockchain protocol designed to scale. Based on Bitcoin's blockchain protocol, Bitcoin-NG is Byzantine fault tolerant, is robust to extreme churn, and shares the same trust model obviating qualitative changes to the ecosystem.In addition to Bitcoin-NG, we introduce several novel metrics of interest in quantifying the security and efficiency of Bitcoin-like blockchain protocols. We implement Bitcoin-NG and perform large-scale experiments at 15% the size of the operational Bitcoin system, using unchanged clients of both protocols. These experiments demonstrate that Bitcoin-NG scales optimally, with bandwidth limited only by the capacity of the individual nodes and latency limited only by the propagation time of the network.

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Some Known Details About Dremel GS45-01 Glue Sticks: Industrial - Just Won Again on Germany vs Italy EZ Money Bitcoin! BITCOIN MADE ME FILTHY RICH (For 15 seconds) Bitcoin hack Blockchain hack Live proof +38$ for 2 minutes Bancor Network and How to use It

Bitcoin madencileri işlemleri onaylayarak Bitcoin ağının güvende tutulmasına yardımcı olurlar madencilik Bitcoin ağını istikrarlı güvenli ve emnniyet içinde tutmanın önemli ve ayrılmaz bir parçasıdır CEO Eyal Avramovich: 1: Ano ang BITCOIN for Beginners tagalog Bitcoin Basics explained for Beginners: 1 Based on Bitcoin's blockchain protocol, Bitcoin-NG is Byzantine fault tolerant, is robust to extreme churn, and shares the same trust model obviating qualitative changes to the ecosystem. Bitcoin-NG仅受限于网络的传输延时,它的带宽仅受限于个人节点的处理能力。Bitcoin-NG通过将比特币的区块链操作分解为两部分来实现这个性能改善:首领选择(leader election)和交易序列化(transaction serialization)。它将时间划分为新片段,每一个片段都有单独的 本稿について 様々なブロックチェーンにインスピレーションを与えているプロトコルBitcoin-NG(Bitcoin Next Generation)の論文を見ていきます。本稿では「10. Conclusion」を見ます。 原文はこちらになります。 今回のまとめ Bitcoin Bringing secure Bitcoin transactions to your smartphone. In Proceedings of the 15th International Workshop on Adaptive and Reflective Middleware - ARM 2016. ACM Press, New York, New York, USA, 1--6. Google Scholar; Adem Efe Gencer, Soumya Basu, Ittay Eyal, Robbert van Renesse, and Emin Gün Sirer. 2018. Decentralization in Bitcoin and Ethereum

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