• Title/Summary/Keyword: Blockchain of Ethereum

Search Result 98, Processing Time 0.024 seconds

TPS Analysis, Performance Indicator of Public Blockchain Scalability

  • Hyug-Jun Ko;Seong-Soo Han
    • Journal of Information Processing Systems
    • /
    • v.20 no.1
    • /
    • pp.85-92
    • /
    • 2024
  • In recent years, Bitcoin and Ethereum have witnessed a surge in trading activity, driven by venture capital investment and funding through initial coin offerings (ICOs) and initial exchange offerings (IEOs). This heightened interest has led to kickstarting a vibrant ecosystem for blockchain development. The total number of cryptocurrencies listed on CoinMarketCap.com has reached 2,274 highlights how dynamic and wide blockchain development landscape has grown. In blockchain development, new blockchain projects are being created by forking blockchains inspired by major cryptocurrencies such as Bitcoin and Ethereum. These projects aim to address the perceived shortcomings and improve existing technologies. Altcoins, representing these alternative cryptocurrencies, are an ongoing industry effort to improve performance and security with enhancement proposals such as Bitcoin Improvement Proposals (BIP), Ethereum Improvement Proposals (EIP), and EOSIO Enhancement Proposals (EEP). With competitive attempts to improve blockchain performance and security, an ongoing performance race between various blockchains has taken shape, each claiming its own performance advantages. In this paper, we describe the transactions contained in the blocks of each representative blockchain, and find the factors that affect the transactions per second (TPS) through transaction processing and block generation processes, and suggest their relationship with scalability.

A Data Provenance System for Myanmar Rice Cycle Based on Ethereum Blockchain

  • Latt, Cho Nwe Zin;Rahmadika, Sandi;Rhee, Kyung-Hyune
    • Journal of Multimedia Information System
    • /
    • v.8 no.1
    • /
    • pp.35-44
    • /
    • 2021
  • The Myanmar rice cycle's existing system is still relying on a third party to manage every rice data information from several organizations. It is inconvenient to supervise simultaneously due to the unreliability of information provided by organizations. Thus, the rice cycle's original data is challenging to be utterly trusted since irresponsible parties can manipulate the current state of information. Moreover, the applied system does not preserve a proper incentive for the involved parties. In this paper, we leverage the Ethereum blockchain to be adopted to tackle the aforementioned issues. The main objective is to build trust between parties in the Myanmar rice cycle system. Our proposed scheme allows customers to check and trace information about the rice cycle information without worrying about the integrity of the data. Furthermore, the authorized parties are also rewarded by the government through Ethereum smart contract features. Eventually, our scheme achieves traceability in the rice chain system and leads to the complete digitization and automation of the rice cycle information.

A Mobile Voting DApp Implementation and Security Issues (모바일 투표 Dapp 실행 및 보안 이슈)

  • KHERLEN, NARANTUYA;Park, Jun Beom;Park, Jong Sou
    • Proceedings of the Korean Institute of Information and Commucation Sciences Conference
    • /
    • 2019.05a
    • /
    • pp.290-292
    • /
    • 2019
  • Since the advent of blockchain and bitcoin, decentralization has been accelerating around the world as a public blockchain ethereum with smartcontract has begun. Developers can use Ethereum's blockchain development platform to develop "distributed applications" (DApp) running on a decentralized P2P network, and various types of devices from IoT to mobile can participate in a block-chain distributed environment have. Using Ethereum's blockchain development platform, developers can develop "Decentralized Application (DApp)" that run on a decentralized P2P network and various types of devices from IOT to mobile can participate in distributed blockchain environments. There are many ways to interact with the blockchain and the smart contract, but users tend to prefer the mobile methods due to their convenience and accessibility advantages. Therefore, the author developed an Android based voting DApp and researched related issues. Since the current development methods of DApp are not adequately researched and standardized, efficient methods for developing user-friendly DApp were studied. Because DApp has to spend a certain amount of fees to interact with blockchain, it has intensively investigated the gas problem of Smart Contract code and the security problem of code, and author would like to introduce it in this paper.

  • PDF

Research on the Direction of Blockchain Game Platform using AI

  • Lee Jong Ho
    • International Journal of Advanced Culture Technology
    • /
    • v.11 no.4
    • /
    • pp.417-422
    • /
    • 2023
  • AI blockchain technology, which is attracting attention as a core technology of the 4th Industrial Revolution, is a technology that can be used as an important means of innovation not only in the current gaming industry but also in various industrial fields. This paper extracts the platforms and types of blockchain games currently ranked within the top 100 on the blockchain app (DApp) sites State Of The DApps, DApp.com, and Dapp Rader and introduces the top games on major platforms. As a result of extracting platforms and types, the top games were mainly based on Ethereum, EOS, and Steam. However, the results showed that there are significantly more games based on the Ethereum platform, which are stable, easy to apply, and have a low barrier to entry due to the large number of users and DApps. We plan to improve awareness of blockchain games by studying the characteristics that only blockchain games have.

A Public Opinion Polling Application with Robust Verification Based on the Ethereum Bolckchain (견고한 검증을 제공하는 이더리움 블록체인 기반의 여론조사 어플리케이션)

  • Jin, Jae-Hwan;Eom, Hyun-Min;Sun, Ju-Eun;Lee, Myung-Joon
    • Asia-pacific Journal of Multimedia Services Convergent with Art, Humanities, and Sociology
    • /
    • v.8 no.3
    • /
    • pp.895-905
    • /
    • 2018
  • Public opinion polls have a strong influence on modern society as a means of examining the tendency of social groups on specific issues. As the influence of the polls increases, the problem of forgery and falsification of the results becomes an important issue. So, to guarantee the reliability of the results, our society needs novel mechanisms. As one of such mechanisms, the Ethereum blockchain is an environment for developing decentralized applications with the reliable blockchain technology. Ethereum decentralized applications can utilize smart contracts to provide services for users in transparent and reliable ways. In this paper, we propose a polling method that guarantees reliability using the blockchain technology, which is a distributed ledger technique that makes forgery or falsification actually impossible. The proposed method provides a robust verification function on the results of the associated polls for individual voters and verification organizations. Also, we present a distributed opinion polling application running on our private Ethereum blockchain network, showing the effectiveness of the proposed method.

Predictive Analysis of Ethereum Uncle Block using Ensemble Machine Learning Technique and Blockchain Information (앙상블 머신러닝 기법과 블록체인 정보를 활용한 이더리움 엉클 블록 예측 분석)

  • Kim, Han-Min
    • Journal of Digital Convergence
    • /
    • v.18 no.11
    • /
    • pp.129-136
    • /
    • 2020
  • The advantages of Blockchain present the necessity of Blockchain in various fields. However, there are several disadvantages to Blockchain. Among them, the uncle block problem is one of the problems that can greatly hinder the value and utilization of Blockchain. Although the value of Blockchain may be degraded by the uncle block problem, previous studies did not pay much attention to research on uncle block. Therefore, the purpose of this study attempts to predict the occurrence of uncle block in order to predict and prepare for the uncle block problem of Blockchain. This study verifies the validity of introducing new attributes and ensemble analysis techniques for accurate prediction of uncle block occurrence. As a research method, voting, bagging, and stacking ensemble analysis techniques were employed for Ethereum's uncle block where the uncle block problem actually occurs. We used Blockchain information of Ethereum and Bitcoin as analysis data. As a result of the study, we found that the best prediction result was presented when voting and stacking ensemble techniques were applied using only Ethereum Blockchain information. The result of this study contributes to more accurately predict the occurrence of uncle block and prepare for the uncle block problem of Blockchain.

Interpretation and Statistical Analysis of Ethereum Node Discovery Protocol (이더리움 노드 탐색 프로토콜 해석 및 통계 분석)

  • Kim, Jungyeon;Ju, Hongteak
    • KNOM Review
    • /
    • v.24 no.2
    • /
    • pp.48-55
    • /
    • 2021
  • Ethereum is an open software platform based on blockchain technology that enables the construction and distribution of distributed applications. Ethereum uses a fully distributed connection method in which all participating nodes participate in the network with equal authority and rights. Ethereum networks use Kademlia-based node discovery protocols to retrieve and store node information. Ethereum is striving to stabilize the entire network topology by implementing node discovery protocols, but systems for monitoring are insufficient. This paper develops a WireShark dissector that can receive packet information in the Ethereum node discovery process and provides network packet measurement results. It can be used as basic data for the research on network performance improvement and vulnerability by analyzing the Ethereum node discovery process.

Blockchain-Based Mobile Cryptocurrency Wallet

  • Yeom, Gwyduk
    • Journal of the Korea Society of Computer and Information
    • /
    • v.24 no.8
    • /
    • pp.59-66
    • /
    • 2019
  • As the monetary value of cryptocurrency increases, the security measures for cryptocurrency becomes more important. A limitation of the existing cryptocurrency exchanges is their vulnerability to threats of hacking due to their centralized manner of management. In order to overcome such limitation, blockchain technology is increasingly adopted. The blockchain technology enables decentralization and Peer-to-Peer(P2P) transactions, in which blocks of information are linked in chain topology, and each node participating in the blockchain shares a distributed ledger. In this paper, we propose and implement a mobile electronic wallet that can safely store, send and receive cryptocurrencies. The proposed mobile cryptocurrency wallet connects to the network only when the wallet actively is used. Wallet owner manages his or her private key offline, which is advantageous in terms of security. JavaScript based wallet apps were implemented to respectively run on Android and iOS mobile phones. I demonstrate the process of transferring Ethereum cryptocurrency from an account to another account through Ropsten, a test net for Ethereum. Hardware wallets, such as Ledger Nano S, provide a slightly higher level of security, yet have the disadvantages of added burden of carrying additional physical devices and high costs (about 80$).

An Online Voting System based on Ethereum Block-Chain for Enhancing Reliability (신뢰성 향상을 위한 이더리움 블록체인 기반의 온라인 투표 시스템)

  • Kim, Chul-Jin
    • Journal of the Korea Academia-Industrial cooperation Society
    • /
    • v.19 no.4
    • /
    • pp.563-570
    • /
    • 2018
  • Existing online voting is not being used for public elections due to uncertainty about security threats, and offline voting costs a lot of money. As an alternative, blockchain is emerging. Applying blockchain technology to online voting will ensure transparency and confidentiality, because voter information and aggregate information are distributed and managed. Since a blockchain distributes the voting information, it will be more secure than existing central server - based online voting systems. If blockchain technology is applied to public elections, and the transparency and confidentiality of the voting information is guaranteed, the cost of voting will be greatly reduced. This paper tries to apply to an online voting system the Ethereum platform from among the blockchain technologies. Ethereum is a highly scalable blockchain technology that provides a smart contract based on the Solidity language to develop an online voting contract and to distribute the contract to each voter. Each voter votes on the contract that has been distributed, and the votes are distributed to other voters. The experiment verifies the consistency of the stored voting information.

Comparative analysis of blockchain trilemma

  • Soonduck Yoo
    • International journal of advanced smart convergence
    • /
    • v.12 no.1
    • /
    • pp.41-52
    • /
    • 2023
  • The purpose of this study is to review the proposed solutions to the Blockchain trilemma put forward by various research scholars and to draw conclusions by comparing the findings of each study. We found that the models so far developed either compromise scalability, decentralization, or security. The first model compromises decentralization. By partially centralizing the network, transaction processing speed can be improved, but security strength is weakened. Examples of this include Algorand and EOS. Because Algorand randomly selects the node that decides the consensus, the security of Algorand is better than EOS, wherein a designated selector decides. The second model recognizes that scalability causes a delay in speed when transactions are included in a block, reducing the system's efficiency. Compromising scalability makes it possible to increase decentralization. Representative examples include Bitcoin and Ethereum. Bitcoin is more vital than Ethereum in terms of security, but in terms of scalability, Ethereum is superior to Bitcoin. In the third model, information is stored and managed through various procedures at the expense of security. The application case is to weaken security by applying a layer 1 or 2 solution that stores and reroutes information. The expected effect of this study is to provide a new perspective on the trilemma debate and to stimulate interest in continued research into the problem.