C.U. Ileri
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5 records found
1
Following the design of more efficient blockchain consensus algorithms, the execution layer has emerged as the new performance bottleneck of blockchains, especially under high contention. Current parallel execution frameworks either rely on optimistic concurrency control (OCC) or on pessimistic concurrency control (PCC), both of which see their performance decrease when workloads are highly contended, albeit for different reasons. In this work, we present NEMO, a new blockchain execution engine that combines OCC with the object data model to address this challenge. NEMO introduces three core innovations: (i) a greedy commit rule for transactions that do not use shared objects; (ii) refined handling of dependencies to reduce re-executions; and (iii) the use of incomplete but statically derivable read/write hints to guide execution. Through simulated execution experiments, we demonstrate that NEMO significantly reduces redundant computation and achieves higher throughput than representative approaches. For example, with 16 workers nemo's throughput is up to 42% higher than the one of BlockSTM, the state-of-the-art OCC approach, and 61% higher than the pessimistic concurrency control baseline used.
XChange
A Universal Mechanism for Asset Exchange between Permissioned Blockchains
Permissioned blockchains are increasingly being used as a solution to record transactions between companies. Several use cases that leverage permissioned blockchains focus on the representation and management of real-world assets. Since the number of incompatible blockchains is quickly growing, there is an increasing need for a universal mechanism to exchange, or trade, digital assets between these isolated platforms. There currently is no universal mechanism for inter-blockchain asset exchange without a requirement for trusted authorities that coordinate the trade. We address this shortcoming and present XChange, a universal mechanism for asset exchange between permissioned blockchains. To achieve universality and to avoid trusted authorities that coordinate a trade, XChange does not provide atomic guarantees but leverages risk mitigation strategies to reduce value at stake. Our mechanism records the specifications and progression of each trade within records on a distributed log. XChange reduces the economic gains of adversaries by bounding the total amount of fraud they can commit at any time. After having committed fraud, an adversary is forced to finish its ongoing trades before it can engage in new trades. We first present a four-phased protocol that coordinates an asset exchange between two traders. We then outline how trade records can be stored on TrustChain, which is a lightweight distributed ledger specifically built for the tamper-proof storage of data elements. We implement XChange and conduct experiments. Our experiments demonstrate that XChange is capable of reducing the economic gains of adversaries by more than 99.9% when replaying a real-world trading dataset. A deployment on low-resource devices reveals that the latency added to a trade by XChange is only 493 milliseconds. Finally, our scalability evaluation shows that XChange achieves over 1’000 trades per second and that its throughput, in terms of trades per second, scales linearly with the system load.