Explore a conference talk on RainBlock, a novel public blockchain system that significantly improves transaction processing speed without altering proof-of-work consensus. Learn about the innovative RainBlock architecture that removes I/O bottlenecks from transaction processing and the distributed, multi-versioned DSM-TREE data structure for efficient state storage. Discover how RainBlock achieves 27 times higher transaction throughput compared to Ethereum, processing up to 27,400 transactions per second on a single miner. Gain insights into the challenges of handling concurrent operations and the lifecycle of transactions in RainBlock. Understand the potential impact of this technology on improving the scalability and performance of public blockchain networks.
RainBlock - Faster Transaction Processing in Public Blockchains
Overview
Syllabus
Intro
Blockchains: Decentralized Databases
Public Blockchains: Proof-of-work consensus
Public Blockchains - Low throughput
Prior work: Modify Pow or New Consensus
Can we Increase the Throughput of Public Blockchains Without Modifying Pow?
Impact of I/O on Overall Throughput
RainBlock: Faster Transaction Processing
Transaction Processing in Ethereum
RainBlock: Architecture for Public Blockchains
RainBlock: Challenges
Handling Concurrent Operations
Life of a Transaction in RainBlock Miners do not perform VD in the critical path
Taught by
USENIX
