Scaling Nakamoto Consensus to Thousands of Transactions per Second

@article{Li2018ScalingNC,
  title={Scaling Nakamoto Consensus to Thousands of Transactions per Second},
  author={Chenxing Li and Peilun Li and Wei Xu and Fan Long and Andrew Chi-Chih Yao},
  journal={CoRR},
  year={2018},
  volume={abs/1805.03870}
}
This paper presents Conflux, a fast, scalable and decentralized blockchain system that optimistically process concurrent blocks without discarding any as forks. The Conflux consensus protocol represents relationships between blocks as a direct acyclic graph and achieves consensus on a total order of the blocks. Conflux then, from the block order, deterministically derives a transaction total order as the blockchain ledger. We evaluated Conflux on Amazon EC2 clusters with up to 20k full nodes… CONTINUE READING

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