TY - GEN
T1 - ConChain
T2 - 21st IEEE Consumer Communications and Networking Conference, CCNC 2024
AU - Bappy, Faisal Haque
AU - Islam, Tariqul
AU - Zaman, Tarannum Shaila
AU - Sajid, Md Sajidul Islam
AU - Pritom, Mir Mehedi Ahsan
N1 - Publisher Copyright:
© 2024 IEEE.
PY - 2024
Y1 - 2024
N2 - Although blockchains have become widely popular for their use in cryptocurrencies, they are now becoming pervasive as more traditional applications adopt blockchain to ensure data security. Despite being a secured network, blockchains have some tradeoffs such as high latency, low throughput, and transaction failures. One of the core problems behind these is improper management of 'conflicting transactions', which is also known as 'contention'. When there is a large pool of pending transactions in a blockchain and some of them are conflicting, a situation of contention occurs, and as a result, the latency of the network increases, and a substantial amount of resources are wasted which results in low throughput and transaction failures. In this paper, we proposed ConChain, a novel blockchain scheme that combines transaction parallelism and an intelligent dependency manager to minimize conflicting transactions in blockchain networks as well as improve performance. ConChain is also capable of ensuring proper defense against major attacks due to contention.
AB - Although blockchains have become widely popular for their use in cryptocurrencies, they are now becoming pervasive as more traditional applications adopt blockchain to ensure data security. Despite being a secured network, blockchains have some tradeoffs such as high latency, low throughput, and transaction failures. One of the core problems behind these is improper management of 'conflicting transactions', which is also known as 'contention'. When there is a large pool of pending transactions in a blockchain and some of them are conflicting, a situation of contention occurs, and as a result, the latency of the network increases, and a substantial amount of resources are wasted which results in low throughput and transaction failures. In this paper, we proposed ConChain, a novel blockchain scheme that combines transaction parallelism and an intelligent dependency manager to minimize conflicting transactions in blockchain networks as well as improve performance. ConChain is also capable of ensuring proper defense against major attacks due to contention.
KW - attack resilience
KW - blockchain
KW - conflicting transactions
KW - contention
KW - transaction ordering
UR - http://www.scopus.com/inward/record.url?scp=85189202944&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=85189202944&partnerID=8YFLogxK
U2 - 10.1109/CCNC51664.2024.10454692
DO - 10.1109/CCNC51664.2024.10454692
M3 - Conference contribution
AN - SCOPUS:85189202944
T3 - Proceedings - IEEE Consumer Communications and Networking Conference, CCNC
SP - 1054
EP - 1055
BT - 2024 IEEE 21st Consumer Communications and Networking Conference, CCNC 2024
PB - Institute of Electrical and Electronics Engineers Inc.
Y2 - 6 January 2024 through 9 January 2024
ER -