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| Presentation | 2021-03-04 11:40 Bitcoin Scaling Test Network Performance Evaluation Experiment Akihiro Fujihara (CIT)  IN2020-69 |
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| Abstract | (in Japanese) | (See Japanese page) |
| (in English) | Bitcoin Scaling Test Network (STN) is an experimental network to solve the scalability problem of Bitcoin by using on-chain technology. A large number of transactions are constantly sent over the P2P network, and miners generate huge blocks. In this study, we estimated the occupancy rate of transaction processing and the fork probability of the blockchain by constructing STN nodes. As a result, the estimated occupancy rate was about 1.04 and the estimated fork probability was 8.5%. In addition, we experimentally evaluated the transaction processing performance by transferring many transactions containing the OP_RETURN script once per minute for one week. As a result, the transaction processing probability was 98%, and the latency distribution for transaction processing tends to follow a power distribution in the long period. These results suggest that the priority queueing theory is also effective for STN. |
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| Keyword | (in Japanese) | (See Japanese page) |
| (in English) | Bitcoin / Blockchain / Scalability / / / / / | |
| Reference Info. | IEICE Tech. Rep., vol. 120, no. 414, IN2020-69, pp. 91-96, March 2021. | |
| Paper # | IN2020-69 | |
| Date of Issue | 2021-02-25 (IN) | |
| ISSN | Online edition: ISSN 2432-6380 | |
| Copyright and reproduction |
All rights are reserved and no part of this publication may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, or any information storage and retrieval system, without permission in writing from the publisher. Notwithstanding, instructors are permitted to photocopy isolated articles for noncommercial classroom use without fee. (License No.: 10GA0019/12GB0052/13GB0056/17GB0034/18GB0034) | |
| Download PDF | IN2020-69 |
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| Conference Information | |
| Committee | IN NS |
| Conference Date | 2021-03-04 - 2021-03-05 |
| Place (in Japanese) | (See Japanese page) |
| Place (in English) | Online |
| Topics (in Japanese) | (See Japanese page) |
| Topics (in English) | General |
| Paper Information | |
| Registration To | IN |
| Conference Code | 2021-03-IN-NS |
| Language | Japanese |
| Title (in Japanese) | (See Japanese page) |
| Sub Title (in Japanese) | (See Japanese page) |
| Title (in English) | Bitcoin Scaling Test Network Performance Evaluation Experiment |
| Sub Title (in English) | |
| Keyword(1) | Bitcoin |
| Keyword(2) | Blockchain |
| Keyword(3) | Scalability |
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| 1st Author's Name | Akihiro Fujihara |
| 1st Author's Affiliation | Chiba Institute of Technology (CIT) |
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| Speaker | Author-1 |
| Date Time | 2021-03-04 11:40:00 |
| Presentation Time | 20 minutes |
| Registration for | IN |
| Paper # | IN2020-69 |
| Volume (vol) | vol.120 |
| Number (no) | no.414 |
| Page | pp.91-96 |
| #Pages | 6 |
| Date of Issue | 2021-02-25 (IN) |
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