Efficiency Issues and Solutions in Blockchain: A Survey

Atabaev Odiljon; Keke Gai

doi:10.1007/978-3-030-34083-4_8

Efficiency Issues and Solutions in Blockchain: A Survey

Atabaev Odiljon, Keke Gai^*

^*Corresponding author for this work

School of Cyberspace Science and Technology

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

9 Citations (Scopus)

Abstract

With the growing number of blockchain-based solutions in a few industries, we have moved to the next level of digital privacy. Meanwhile, several concerns related to transaction speed, data size, tracking information on public distributed ledgers faced to us. Time constraints and data overflow will lead to high financial expenses. In this paper, we address the efficiency issues of blockchain technology by reviewing recent significant work. First, we list the main challenges facing for efficiency. Then, we survey prior methods to handle efficiency issues studied by authors. Finally, we will discuss open challenges and conclude the work. This work can be helpful to determine future work directions.

Original language	English
Title of host publication	Smart Blockchain -2nd International Conference, SmartBlock 2019, Proceedings
Editors	Meikang Qiu
Publisher	Springer
Pages	76-86
Number of pages	11
ISBN (Print)	9783030340827
DOIs	https://doi.org/10.1007/978-3-030-34083-4_8
Publication status	Published - 2019
Event	2nd International Conference on Smart Blockchain, SmartBlock 2019 - Birmingham, United Kingdom Duration: 11 Oct 2019 → 13 Oct 2019

Publication series

Name	Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)
Volume	11911 LNCS
ISSN (Print)	0302-9743
ISSN (Electronic)	1611-3349

Conference

Conference	2nd International Conference on Smart Blockchain, SmartBlock 2019
Country/Territory	United Kingdom
City	Birmingham
Period	11/10/19 → 13/10/19

Keywords

Blockchain
Consensus
Data overhead
Efficiency

Access to Document

10.1007/978-3-030-34083-4_8

Cite this

Odiljon, A., & Gai, K. (2019). Efficiency Issues and Solutions in Blockchain: A Survey. In M. Qiu (Ed.), Smart Blockchain -2nd International Conference, SmartBlock 2019, Proceedings (pp. 76-86). (Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics); Vol. 11911 LNCS). Springer. https://doi.org/10.1007/978-3-030-34083-4_8

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title = "Efficiency Issues and Solutions in Blockchain: A Survey",

abstract = "With the growing number of blockchain-based solutions in a few industries, we have moved to the next level of digital privacy. Meanwhile, several concerns related to transaction speed, data size, tracking information on public distributed ledgers faced to us. Time constraints and data overflow will lead to high financial expenses. In this paper, we address the efficiency issues of blockchain technology by reviewing recent significant work. First, we list the main challenges facing for efficiency. Then, we survey prior methods to handle efficiency issues studied by authors. Finally, we will discuss open challenges and conclude the work. This work can be helpful to determine future work directions.",

keywords = "Blockchain, Consensus, Data overhead, Efficiency",

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doi = "10.1007/978-3-030-34083-4_8",

language = "English",

isbn = "9783030340827",

series = "Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)",

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Odiljon, A & Gai, K 2019, Efficiency Issues and Solutions in Blockchain: A Survey. in M Qiu (ed.), Smart Blockchain -2nd International Conference, SmartBlock 2019, Proceedings. Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics), vol. 11911 LNCS, Springer, pp. 76-86, 2nd International Conference on Smart Blockchain, SmartBlock 2019, Birmingham, United Kingdom, 11/10/19. https://doi.org/10.1007/978-3-030-34083-4_8

Efficiency Issues and Solutions in Blockchain: A Survey. / Odiljon, Atabaev; Gai, Keke.
Smart Blockchain -2nd International Conference, SmartBlock 2019, Proceedings. ed. / Meikang Qiu. Springer, 2019. p. 76-86 (Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics); Vol. 11911 LNCS).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

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AU - Gai, Keke

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N2 - With the growing number of blockchain-based solutions in a few industries, we have moved to the next level of digital privacy. Meanwhile, several concerns related to transaction speed, data size, tracking information on public distributed ledgers faced to us. Time constraints and data overflow will lead to high financial expenses. In this paper, we address the efficiency issues of blockchain technology by reviewing recent significant work. First, we list the main challenges facing for efficiency. Then, we survey prior methods to handle efficiency issues studied by authors. Finally, we will discuss open challenges and conclude the work. This work can be helpful to determine future work directions.

AB - With the growing number of blockchain-based solutions in a few industries, we have moved to the next level of digital privacy. Meanwhile, several concerns related to transaction speed, data size, tracking information on public distributed ledgers faced to us. Time constraints and data overflow will lead to high financial expenses. In this paper, we address the efficiency issues of blockchain technology by reviewing recent significant work. First, we list the main challenges facing for efficiency. Then, we survey prior methods to handle efficiency issues studied by authors. Finally, we will discuss open challenges and conclude the work. This work can be helpful to determine future work directions.

KW - Blockchain

KW - Consensus

KW - Data overhead

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DO - 10.1007/978-3-030-34083-4_8

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T3 - Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)

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Y2 - 11 October 2019 through 13 October 2019

ER -

Efficiency Issues and Solutions in Blockchain: A Survey

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