STATEFUL LAYERED CHAIN MODEL TO IMPROVE THE SCALABILITY OF BITCOIN
Bitcoin becomes the focus of scientific research in the modern era. Blockchain is the underlying technology of Bitcoin because of its decentralization, transparency, trust-less, and immutability features. However, blockchain can be considered the cause of Bitcoin scalability issues, especially stora...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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Scientific Research Support Fund of Jordan (SRSF) and Princess Sumaya University for Technology (PSUT)
2023-06-01
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| Series: | Jordanian Journal of Computers and Information Technology |
| Subjects: | |
| Online Access: | https://www.jjcit.org/?mno=141145 |
| _version_ | 1797814533555748864 |
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| author | Dalia Elwi Osama Abu-Elnasr A.S. Tolba Samir Elmougy |
| author_facet | Dalia Elwi Osama Abu-Elnasr A.S. Tolba Samir Elmougy |
| author_sort | Dalia Elwi |
| collection | DOAJ |
| description | Bitcoin becomes the focus of scientific research in the modern era. Blockchain is the underlying technology of Bitcoin because of its decentralization, transparency, trust-less, and immutability features. However, blockchain can be considered the cause of Bitcoin scalability issues, especially storage. Nodes in the Bitcoin network need to store the full blockchain to validate transactions. Over time, the blockchain size will be bulky. So, the full nodes will prefer to leave the network. This leads to the blockchain being centralized and trusted, and the security will be adversely affected. This paper proposes a Stateful Layered Chain Model based on storing accounts' balances to reduce the Bitcoin blockchain size. This model changes the structure of the traditional blockchain from blocks to layers. The experimental results demonstrated that the proposed model reduces the blockchain size by about 50.6 %. Implicitly, the transaction throughput can also be doubled. [JJCIT 2023; 9(2.000): 137-153] |
| first_indexed | 2024-03-13T08:09:03Z |
| format | Article |
| id | doaj.art-112a68de7e7f4d63a8df8499203892eb |
| institution | Directory Open Access Journal |
| issn | 2413-9351 |
| language | English |
| last_indexed | 2024-03-13T08:09:03Z |
| publishDate | 2023-06-01 |
| publisher | Scientific Research Support Fund of Jordan (SRSF) and Princess Sumaya University for Technology (PSUT) |
| record_format | Article |
| series | Jordanian Journal of Computers and Information Technology |
| spelling | doaj.art-112a68de7e7f4d63a8df8499203892eb2023-05-31T23:04:00ZengScientific Research Support Fund of Jordan (SRSF) and Princess Sumaya University for Technology (PSUT)Jordanian Journal of Computers and Information Technology2413-93512023-06-019213715310.5455/jjcit.71-1674157604141145STATEFUL LAYERED CHAIN MODEL TO IMPROVE THE SCALABILITY OF BITCOINDalia Elwi0Osama Abu-Elnasr1A.S. Tolba2Samir Elmougy3Computer Science Department, Faculty of Computers and Information, Mansoura University, Mansoura 35516, Egypt. Computer Science Department, Faculty of Computers and Information, Mansoura University, Mansoura 35516, Egypt. Computer Science Department, Faculty of Computers and Information, Mansoura University, Mansoura 35516, Egypt. Computer Science Department, Faculty of Computers and Information, Mansoura University, Mansoura 35516, Egypt.Bitcoin becomes the focus of scientific research in the modern era. Blockchain is the underlying technology of Bitcoin because of its decentralization, transparency, trust-less, and immutability features. However, blockchain can be considered the cause of Bitcoin scalability issues, especially storage. Nodes in the Bitcoin network need to store the full blockchain to validate transactions. Over time, the blockchain size will be bulky. So, the full nodes will prefer to leave the network. This leads to the blockchain being centralized and trusted, and the security will be adversely affected. This paper proposes a Stateful Layered Chain Model based on storing accounts' balances to reduce the Bitcoin blockchain size. This model changes the structure of the traditional blockchain from blocks to layers. The experimental results demonstrated that the proposed model reduces the blockchain size by about 50.6 %. Implicitly, the transaction throughput can also be doubled. [JJCIT 2023; 9(2.000): 137-153]https://www.jjcit.org/?mno=141145bitcoincryptocurrencyblockchainstatefullayeredchainscalabilitystoragethroughput |
| spellingShingle | Dalia Elwi Osama Abu-Elnasr A.S. Tolba Samir Elmougy STATEFUL LAYERED CHAIN MODEL TO IMPROVE THE SCALABILITY OF BITCOIN Jordanian Journal of Computers and Information Technology bitcoin cryptocurrency blockchain stateful layered chain scalability storage throughput |
| title | STATEFUL LAYERED CHAIN MODEL TO IMPROVE THE SCALABILITY OF BITCOIN |
| title_full | STATEFUL LAYERED CHAIN MODEL TO IMPROVE THE SCALABILITY OF BITCOIN |
| title_fullStr | STATEFUL LAYERED CHAIN MODEL TO IMPROVE THE SCALABILITY OF BITCOIN |
| title_full_unstemmed | STATEFUL LAYERED CHAIN MODEL TO IMPROVE THE SCALABILITY OF BITCOIN |
| title_short | STATEFUL LAYERED CHAIN MODEL TO IMPROVE THE SCALABILITY OF BITCOIN |
| title_sort | stateful layered chain model to improve the scalability of bitcoin |
| topic | bitcoin cryptocurrency blockchain stateful layered chain scalability storage throughput |
| url | https://www.jjcit.org/?mno=141145 |
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