Increasing Throughput and Reducing Storage Bloating Problem Using IPFS and Dual-Blockchain Method

Md. Soharab Hossain Sohan, Minhaz Mahmud, Md Arafat Sikder, Fakir Sharif Hossain, Md Rakibul Hasan

20212021 2nd International Conference on Robotics, Electrical and Signal Processing Techniques (ICREST)19 citationsDOI

Abstract

Blockchain is a revolutionary technology that has been underlying behind many cryptocurrencies for many years. Due to the scalability issue, this decentralized system lags behind the centralized currency systems, and cannot be adopted by other platforms though it has a lot of unique features. This paper is motivated due to the lack of enough scalability on the existing blockchain technologies. A theoretical method is proposed in this paper to increase throughput and reduce storage dependencies. A distributed storage system IPFS is used to bypass the storing liabilities and to increase throughput. The dual-blockchain method serves the core features of the blockchain by adding the references of the main block into the ledger in place of the original block. The analysis shows that our proposed method can achieve up to 25.8 times greater throughput and almost 1685 times lesser ledger size compared to Bitcoin Core.

Topics & Concepts

BlockchainScalabilityThroughputComputer scienceCryptocurrencyBlock (permutation group theory)Dual (grammatical number)Distributed ledgerCore (optical fiber)Computer networkDistributed computingComputer securityDatabaseOperating systemWirelessTelecommunicationsGeometryArtMathematicsLiteratureBlockchain Technology Applications and SecurityCaching and Content DeliveryCloud Computing and Resource Management