Study on high-performance and dependable blockchain-based computing

Abstract

Blockchain technology is undergoing a tremendous growth choking itself up to its capacity and performance limits. It is exigently sought to address and respond to these issues, being mostly concerned about the scalability, performance and dependability of the blockchain system. This research will address and investigate on various, yet critical performance and dependability issues and problems as identified in blockchain-based crypto computing with specific respect to the on/off-balanced chain, the real-time chain; the slim chain; and a hybrid chain as to be proposed in this research. A hypothetical and theoretical design of each proposed crypto computing solution is developed in order to establish an engine for preliminary yet extensive parametric simulation, and the results are demonstrated and validated through an isolated testing built on Ethereum and Hyperledger open source-based prototype. With dependability referred to as the likelihood to be performed as desired, each hypothetical and theoretical model is built centered around the dependability of each proposed crypto solution to accommodate capabilities of the on/off-balanced crypto computing, the real-time computing, the slim-computing and the hybrid computing. A dependability model for each proposed crypto solution has been identified and defined along with various performance variables, and has ultimately provided a theoretical yet practical understanding of each crypto solution. A prototype, to demonstrate each proposed crypto solution and to validate its hypothetical and theoretical results, has been built by identifying and isolating the insertion points for necessary technology modification within Ethereum and Hyperledger open source to start out with and to ultimately realize a new core blockchain for optimal crypto computing focused on performance and dependability.