Mathematical assessment of blocks acceptance in blockchain using Markov model
作者: Riktesh Srivastava
刊名: International Journal of Blockchains and Cryptocurrencies, 2019, Vol.1 (1)
来源数据库: Inderscience Enterprises Limited
原始语种摘要: Blockchain, introduced in bitcoin system is disrupting the way transactions are done in businesses via charging small transaction fees. It is observed that the acceptance of blocks in the blockchain is based on transaction value. Transmittals through blockchain are favoured due to low transaction cost and grander security. However, attempt of implementing blockchain to revolutionise business processes writhes from problem of waiting time for blocks. In this paper, the transaction-confirmation-time is appraised using queuing theory, where the approval rate of blocks in blockchain is concocted using Markov queue model. Four specific use cases of 1, 3, 6 and 60 confirmations are considered for practical purposes.
全文获取路径: Inderscience 出版公司  (合作)
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关键词翻译
关键词翻译
  • transaction 处理
  • acceptance 接收
  • blocks 块状体
  • model 模型
  • security 可靠性
  • appraised 评定的
  • problem 题目
  • waiting 等待
  • system 
  • queue 排队