An Efficient Blockchain Transaction Retrieval System

Abstract

In the era of the digital economy, blockchain has developed well in various fields, such as finance and digital copyright, due to its unique decentralization and traceability characteristics. However, blockchain gradually exposes the storage problem, and the current blockchain stores the block data in third-party storage systems to reduce the node storage pressure. The new blockchain storage method brings the blockchain transaction retrieval problem. The problem is that when unable to locate the block containing this transaction, the user must fetch the entire blockchain ledger data from the third-party storage system, resulting in huge communication overhead. For this problem, we exploit the semi-structured data in the blockchain and extract the universal blockchain transaction characteristics, such as account address and time. Then we establish a blockchain transaction retrieval system. Responding to the lacking efficient retrieval data structure, we propose a scalable secondary search data structure BB+ tree for account address and introduce the I2B+ tree for time. Finally, we analyze the proposed scheme’s performance through experiments. The experiment results prove that our system is superior to the existing methods in single-feature retrieval, concurrent retrieval, and multi-feature hybrid retrieval. The retrieval time under single feature retrieval is reduced by 40.54%, and the retrieval time is decreased by 43.16% under the multi-feature hybrid retrieval. It has better stability in different block sizes and concurrent retrieval scales.

Factor Affecting of Managerial Blockchain Technology and Cryptocurrency for Digital Asset Business in Thailand

“…(Stephen Chan, et al, 2020) Blockchain technology was first created by the presentation of " Satoshi Nakamoto" in 2008. (Hangwei Feng et al, 2022). The paper Bitcoin: A Peer-to-Peer Electronic Cash System, presents the concept of creating a platform that can create a secure digital currency exchange called " Bitcoin" by using the theory of Cryptography and Distributed Computing.…”