A Limitlessly Scalable Transaction System

Abstract

We present Accept, a simple, asynchronous transaction system that achieves perfect horizontal scaling.

Usual blockchain-based transaction systems come with a fundamental throughput limitation as they require that all (potentially unrelated) transactions must be totally ordered. Such solutions thus require serious compromises or are outright unsuitable for large-scale applications, such as global retail payments.

Accept provides efficient horizontal scaling without any limitation. To that end, Accept satisfies a relaxed form of consensus and does not establish an ordering of unrelated transactions. Furthermore, Accept achieves instant finality and does not depend on a source of randomness.

People

Roland Schmid

PhD student

BibTex

@INPROCEEDINGS{mathys2022limitlessly,
	isbn = {978-3-031-25733-9},
	abbrev_source_title = {LNCS},
	doi = {10.1007/978-3-031-25734-6_18},
	year = {2023-02},
	booktitle = {Data Privacy Management, Cryptocurrencies and Blockchain Technology. DPM CBT 2022},
	volume = {13619},
	type = {Conference Paper},
	editor = {Garcia-Alfaro, Joaquin and Navarro-Arribas, Guillermo and Dragoni, Nicola},
	journal = {Lecture Notes in Computer Science},
	author = {Mathys, Max and Schmid, Roland and Sliwinski, Jakub and Wattenhofer, Roger},
	abstract = {We present Accept, a simple, asynchronous transaction system that achieves perfect horizontal scaling.Usual blockchain-based transaction systems come with a fundamental throughput limitation as they require that all (potentially unrelated) transactions must be totally ordered. Such solutions thus require serious compromises or are outright unsuitable for large-scale applications, such as global retail payments.Accept provides efficient horizontal scaling without any limitation. To that end, Accept satisfies a relaxed form of consensus and does not establish an ordering of unrelated transactions. Furthermore, Accept achieves instant finality and does not depend on a source of randomness.},
	issn = {0302-9743},
	keywords = {Distributed, Parallel, and Cluster Computing (cs.DC); FOS: Computer and information sciences},
	language = {en},
	address = {Cham},
	publisher = {Springer},
	title = {A Limitlessly Scalable Transaction System},
	PAGES = {297 - 307},
	Note = {6th International Workshop on Cryptocurrencies and Blockchain Technology (CBT 2022); Conference Location: Copenhagen, Denmark; Conference Date: September 29-30, 2022}
}

Research Collection: 20.500.11850/579810