Corpus ID: 54014893

Parallel Chains: Improving Throughput and Latency of Blockchain Protocols via Parallel Composition

@article{Fitzi2018ParallelCI,
  title={Parallel Chains: Improving Throughput and Latency of Blockchain Protocols via Parallel Composition},
  author={M. Fitzi and P. Gazi and A. Kiayias and A. Russell},
  journal={IACR Cryptol. ePrint Arch.},
  year={2018},
  volume={2018},
  pages={1119}
}

M. Fitzi, P. Gazi, +1 author A. Russell

Published 2018

Computer Science

IACR Cryptol. ePrint Arch.

Two of the most significant challenges in the design of blockchain protocols is increasing their transaction processing throughput and minimising latency in terms of transaction settlement. In this work we put forth for the first time a formal execution model that enables to express transaction throughput while supporting formal security arguments regarding safety and liveness. We then introduce parallel-chains, a simple yet powerful non-black-box composition technique for blockchain protocols… CONTINUE READING

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