TY - GEN
T1 - Efficiency Issues and Solutions in Blockchain
T2 - 2nd International Conference on Smart Blockchain, SmartBlock 2019
AU - Odiljon, Atabaev
AU - Gai, Keke
N1 - Publisher Copyright:
© 2019, Springer Nature Switzerland AG.
PY - 2019
Y1 - 2019
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
KW - Efficiency
UR - http://www.scopus.com/inward/record.url?scp=85076161850&partnerID=8YFLogxK
U2 - 10.1007/978-3-030-34083-4_8
DO - 10.1007/978-3-030-34083-4_8
M3 - Conference contribution
AN - SCOPUS:85076161850
SN - 9783030340827
T3 - Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)
SP - 76
EP - 86
BT - Smart Blockchain -2nd International Conference, SmartBlock 2019, Proceedings
A2 - Qiu, Meikang
PB - Springer
Y2 - 11 October 2019 through 13 October 2019
ER -