Reducing the Bandwidth of Block Propagation in Bitcoin Network With Erasure Coding

Jin, Ming; Chen, Xiaojiao; Lin, Sian-Jheng

doi:10.1109/access.2019.2957496

Cited by 15 publications

(11 citation statements)

References 15 publications

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“…But many experts agree that mainstream adoption of the technology might take 5 to 10 years. 113 There are knowledge gaps in practical applications as shown in Table 2, such as lack of scalability, 121 transactions high-risk, 122 high energy consumption, [123][124][125] and high development cost. 126 The main weaknesses are related to the immature status of the technology.…”

Section: Discussion Of Key Challengesmentioning

confidence: 99%

A comprehensive review of energy blockchain: Application scenarios and development trends

Teng

Zhang

Wang

et al. 2021

Intl J of Energy Research

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The disruptive nature of blockchain technology has drawn considerable interest from different types of stakeholders. It is adopted in numerous sectors with the ability to openly and securely verify, track, and exchange data. The energy blockchain, a term used when blockchain technology is applied in the energy sector, is considered as having the potential to develop a decentralized, digitized, and decarbonized energy management system. The article presents an overview of the development progress from three perspectives, including academic research, the deployment of companies and pilot projects, and government support policies. Then a different taxonomy is developed to demonstrate and highlighted the different applications. Finally, the future trends and challenges hindering the effective implementation of energy blockchain are discussed. The results show that energy blockchain is an effective innovation technology to accelerate the transformation of global energy structure. Multinational cooperation and government-leading are the basis of large-scale deployment of energy blockchain. The improvement of regulatory mechanisms and standards is the key to the commercial application of energy blockchain. This study is a comprehensive analysis of energy blockchain applications, which is expected to support decision making for its future development.

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Section: Discussion Of Key Challengesmentioning

confidence: 99%

A comprehensive review of energy blockchain: Application scenarios and development trends

Teng

Zhang

Wang

et al. 2021

Intl J of Energy Research

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“…Jin et al [96] devised an erasure-coding technique to compress blocks before transmission. Their technique works by first clustering the blockchain nodes; each cluster elects a cluster head, as shown in Figure 9.…”

Section: Data Layermentioning

confidence: 99%

A Survey on Network Optimization Techniques for Blockchain Systems

et al. 2022

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The increase of the Internet of Things (IoT) calls for secure solutions for industrial applications. The security of IoT can be potentially improved by blockchain. However, blockchain technology suffers scalability issues which hinders integration with IoT. Solutions to blockchain’s scalability issues, such as minimizing the computational complexity of consensus algorithms or blockchain storage requirements, have received attention. However, to realize the full potential of blockchain in IoT, the inefficiencies of its inter-peer communication must also be addressed. For example, blockchain uses a flooding technique to share blocks, resulting in duplicates and inefficient bandwidth usage. Moreover, blockchain peers use a random neighbor selection (RNS) technique to decide on other peers with whom to exchange blockchain data. As a result, the peer-to-peer (P2P) topology formation limits the effective achievable throughput. This paper provides a survey on the state-of-the-art network structures and communication mechanisms used in blockchain and establishes the need for network-based optimization. Additionally, it discusses the blockchain architecture and its layers categorizes existing literature into the layers and provides a survey on the state-of-the-art optimization frameworks, analyzing their effectiveness and ability to scale. Finally, this paper presents recommendations for future work.

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“…• Bandwidth Overhead: The propagation of all information associated with each block in the Blockchain network [163].…”

Section: • Storage Efficiencymentioning

confidence: 99%

A Taxonomy Study on Securing Blockchain-based Industrial Applications: An Overview, Application Perspectives, Requirements, Attacks, Countermeasures, and Open Issues

Hameed¹,

Barika²,

Garg³

et al. 2021

Preprint

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Blockchain technology has taken on a leading role in today's industrial applications by providing salient features and showing significant performance since its beginning. Blockchain began its journey from the concept of cryptocurrency and is now part of a range of core applications to achieve resilience and automation between various tasks. With the integration of Blockchain technology into different industrial applications, many application designs, security and privacy challenges present themselves, posing serious threats to users and their data. Although several approaches have been proposed to address the specific security and privacy needs of targeted applications with functional parameters, there is still a need for a research study on the application, security and privacy challenges, and requirements of Blockchain-based industrial applications, along with possible security threats and countermeasures. This study presents a state-of-the-art survey of Blockchain-based Industry 4.0 applications, focusing on crucial application and security and privacy requirements, as well as corresponding attacks on Blockchain systems with potential countermeasures. We also analyse and provide the classification of different security and privacy techniques used in these applications to enhance the advancement of security features. Furthermore, we highlight some open issues in industrial applications that help to design secure Blockchain-based applications as future directions.

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Reducing the Bandwidth of Block Propagation in Bitcoin Network With Erasure Coding

Cited by 15 publications

References 15 publications

A comprehensive review of energy blockchain: Application scenarios and development trends

A comprehensive review of energy blockchain: Application scenarios and development trends

A Survey on Network Optimization Techniques for Blockchain Systems

A Taxonomy Study on Securing Blockchain-based Industrial Applications: An Overview, Application Perspectives, Requirements, Attacks, Countermeasures, and Open Issues

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