TY - GEN
T1 - Bitcoin-NG
T2 - 13th USENIX Symposium on Networked Systems Design and Implementation, NSDI 2016
AU - Eyal, Ittay
AU - Gencer, Adem Efe
AU - Sirer, Emin Gün
AU - Van Renesse, Robbert
N1 - Funding Information: ∗The authors are supported in part by AFOSR grants FA2386-12-1-3008, F9550-06-0019, by the AFOSR MURI Science of Cy-ber Security: Modeling, Composition, and Measurement as AFOSR grant FA9550-11-1-0137, by NSF grants CNS-1601879, 0430161, 0964409, 1040689, 1047540, 1518779, 1561209, and CCF-0424422 (TRUST), by ONR grants N00014-01-1-0968 and N00014-09-1-0652, by DARPA grants FA8750-10-2-0238 and FA8750-11-2-0256, by MDCN/iAd grant 54083, and by grants from Microsoft Corporation, Facebook Inc., and Amazon.com.
PY - 2016
Y1 - 2016
N2 - Cryptocurrencies, based on and led by Bitcoin, have shown promise as infrastructure for pseudonymous online payments, cheap remittance, trustless digital asset exchange, and smart contracts. However, Bitcoin-derived blockchain protocols have inherent scalability limits that trade off between throughput and latency, which withhold the realization of this potential. This paper presents Bitcoin-NG (Next Generation), a new blockchain protocol designed to scale. Bitcoin-NG is a Byzantine fault tolerant blockchain protocol that is robust to extreme churn and shares the same trust model as Bitcoin. In addition to Bitcoin-NG, we introduce several novel metrics of interest in quantifying the security and efficiency of Bitcoin-like blockchain protocols. We implement Bitcoin-NG and perform large-scale experiments at 15% the size of the operational Bitcoin system, using unchanged clients of both protocols. These experiments demonstrate that Bitcoin-NG scales optimally, with bandwidth limited only by the capacity of the individual nodes and latency limited only by the propagation time of the network.
AB - Cryptocurrencies, based on and led by Bitcoin, have shown promise as infrastructure for pseudonymous online payments, cheap remittance, trustless digital asset exchange, and smart contracts. However, Bitcoin-derived blockchain protocols have inherent scalability limits that trade off between throughput and latency, which withhold the realization of this potential. This paper presents Bitcoin-NG (Next Generation), a new blockchain protocol designed to scale. Bitcoin-NG is a Byzantine fault tolerant blockchain protocol that is robust to extreme churn and shares the same trust model as Bitcoin. In addition to Bitcoin-NG, we introduce several novel metrics of interest in quantifying the security and efficiency of Bitcoin-like blockchain protocols. We implement Bitcoin-NG and perform large-scale experiments at 15% the size of the operational Bitcoin system, using unchanged clients of both protocols. These experiments demonstrate that Bitcoin-NG scales optimally, with bandwidth limited only by the capacity of the individual nodes and latency limited only by the propagation time of the network.
UR - http://www.scopus.com/inward/record.url?scp=85071147013&partnerID=8YFLogxK
M3 - منشور من مؤتمر
T3 - Proceedings of the 13th USENIX Symposium on Networked Systems Design and Implementation, NSDI 2016
SP - 45
EP - 59
BT - Proceedings of the 13th USENIX Symposium on Networked Systems Design and Implementation, NSDI 2016
Y2 - 16 March 2016 through 18 March 2016
ER -
