A dynamic block reward approach to improve the performance of blockchain systems.

ABSTRACT: In Ethereum, miners are responsible for expanding the blockchain ledger by appending new blocks of transactions in exchange for incentives. Within the current Ethereum incentive mechanism, miners can still receive a significant amount of reward when creating non-full or even empty blocks, despite their negative impact on the system performance. We provide an extensive data-driven analysis of the impact of non-full blocks on the system performance, with the help of the BlockSim simulation tool. We collect the data for 500,000 Ethereum blocks and fit the appropriate probability distributions to the data to provide input suitable for the simulator. We show that the performance of Ethereum can be improved by over 50% if all blocks were filled with transactions. We propose an adjustment to the

SUBMITTER: Alharby M 

PROVIDER: S-EPMC10280181 | biostudies-literature | 2023

REPOSITORIES: biostudies-literature