A Limitlessly Scalable Transaction System
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Author / Producer
Date
2023-02
Publication Type
Conference Paper
ETH Bibliography
yes
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Abstract
We present Accept, a simple, asynchronous transaction system that achieves perfect horizontal scaling.
Usual blockchain-based transaction systems come with a fundamental throughput limitation as they require that all (potentially unrelated) transactions must be totally ordered. Such solutions thus require serious compromises or are outright unsuitable for large-scale applications, such as global retail payments.
Accept provides efficient horizontal scaling without any limitation. To that end, Accept satisfies a relaxed form of consensus and does not establish an ordering of unrelated transactions. Furthermore, Accept achieves instant finality and does not depend on a source of randomness.
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Publication status
published
External links
Book title
Data Privacy Management, Cryptocurrencies and Blockchain Technology. DPM CBT 2022
Journal / series
Volume
13619
Pages / Article No.
297 - 307
Publisher
Springer
Event
6th International Workshop on Cryptocurrencies and Blockchain Technology (CBT 2022)
Edition / version
Methods
Software
Geographic location
Date collected
Date created
Subject
Distributed, Parallel, and Cluster Computing (cs.DC); FOS: Computer and information sciences
Organisational unit
03604 - Wattenhofer, Roger / Wattenhofer, Roger
09477 - Vanbever, Laurent / Vanbever, Laurent