The platform will undergo maintenance on Sep 14 at about 7:45 AM EST and will be unavailable for approximately 2 hours.
2019
DOI: 10.1145/3308897.3308952
|View full text |Cite
|
Sign up to set email alerts
|

Learning Blockchain Delays

Abstract: Despite the growing interest in cryptocurrencies, the delays incurred to confirm transactions are one of the factors that hamper the wide adoption of systems such as Bitcoin. Bitcoin transactions usually are confirmed in short periods (minutes), but still much larger than conventional credit card systems (seconds). In this work, we propose a framework encompassing machine learning and a queueing theory model to (i) identify which transactions will be confirmed; and (ii) characterize the confirmation time of co… Show more

Help me understand this report

Search citation statements

Order By: Relevance

Paper Sections

Select...
2
1
1
1

Citation Types

0
9
0

Year Published

2020
2020
2024
2024

Publication Types

Select...
4
3
1

Relationship

0
8

Authors

Journals

citations
Cited by 46 publications
(12 citation statements)
references
References 5 publications
0
9
0
Order By: Relevance
“…The results of this are shown in Table 7 in details. SC side : The total delay on the SC side (blockchain delay) is not constant. It depends on several parameters 31,32 (eg, consensus method, confirmation method, orders in a queue, network latency, etc. ), and it is different in different blockchains.…”
Section: Discussionmentioning
confidence: 99%
“…The results of this are shown in Table 7 in details. SC side : The total delay on the SC side (blockchain delay) is not constant. It depends on several parameters 31,32 (eg, consensus method, confirmation method, orders in a queue, network latency, etc. ), and it is different in different blockchains.…”
Section: Discussionmentioning
confidence: 99%
“…Figure 6. Framework for transaction confirmation [15] Each time the blocks require a confirmation. The model set up a mean time for comparison.…”
Section: Delay Confirmationmentioning
confidence: 99%
“…The model set up a mean time for comparison. If the except confirmation time was greater mean time, the classifier would decide whether to take the transactions [15]. The system will give an early confirmation if the except confirmation time was less than the mean time, but still, each block involved in the system needs to respond to the transaction request one by one.…”
Section: Delay Confirmationmentioning
confidence: 99%
“…The research group from Yale University proposed a stochastic model, which aimed at capturing the blockchain network dynamics and evolution [45]. Ricci et al proposed a complicated framework composed of the machine learning model and queuing theory model [46]. It aimed at solving two significant tasks: identifying which transactions will be confirmed and characterizing the confirmation time of transactions.…”
Section: Queuing Modelsmentioning
confidence: 99%